And for any of you that had the beginnings of a small business this year, a little side hustle, a side gig, you had this 1099 come out of nowhere. You're like, oh my gosh, I'm now in this realm. I'm listening to these guys' podcast. I've got to take more ownership of this small business opportunity. This is one of the best write-offs is auto. There is a lot of opportunity here, a lot of mining for gold going on. You've got three weeks left. It's a great time to do some of your planning for the upcoming year and harvest a ride off now. You could do this transaction with no money down and still harvest a ride off before your end. Welcome to the Main Street Business Podcast. This is Matt Sorensen joined by the illustrious Mark Mark J. Kohler. We are excited to be here with you today.

End of the year. Things are wrapping up. There's a lot of tax questions and considerations.

Maybe it's a December to remember for you. Oh, yeah. I love a December to remember. That's a good one,

at least for your tax return and your small business planning, that's what we can help with. As for your family

dynamics and the train wreck coming, that's up to you to. That's another podcast. That's,

you know, that's another therapy podcast. You got to listen to it. Don't come here for that.

We're here for therapy on your tax and legal planning. So big copy today. It's a good one.

And there's a lot of misinformation out there, a knee jerk reaction. I need a ride off. I'm going to go buy a car. Or I need to get an electric vehicle or get an SUV or get a truck or all these things that we business owners think are going to help them on their tax return. And they might. And they could. And we do love it. Yep. It just depends. and that's why we have a whole damn podcast to tell you when it could, but it doesn't. And we do love it. Yep.

It just depends.

And that's why we have a whole damn podcast to tell you when it matters and what it doesn't. And you might also be like, guys, I don't even know how to ride off my auto anyways. I started a new business. I got a side hustle now. I've got a rental. I don't even know my options on riding this off. What do I need to do?

Why is this valuable to me?

We're just going to break it down, whether you're buying a new auto,

you're using one in your business or your rental properties. We're just going to break it down. And I, you know what I did? I googled, to prepare for the podcast that I googled auto deduction strategies. And the Mark J. Kohler article was number two. Oh, really? Number two. Was number one sponsored?

I don't remember what number one was, but it looked dumb. I was like, why would I click on that one? Of course, March, Kate Kohler's got it. Well, thank you, Matt. I appreciate you. Yeah. Well, and I do have a great article on this. I have kind of seven rules of thumb. We break this down. Let's make sure that's in the minutes, if I can tell my studio director here.

We do an article every... have kind of seven rules of thumb. We break this down. Let's make sure that's in the minutes,

if I can tell my studio director here. We do an article every January. It's at markj.com in my blog section. Every January, I update it for the changes in the auto mileage limit and

depreciation limits. It's constantly changing. Let me start with number one. I think this is an

important point. Two things, if I may. Number one, two. Number me start with number one. I think this is an important point.

Two things, if I may. Number one, one, A and B. Yeah, this is A and B. Once you choose a method for a

vehicle, you're stuck with that method. There is some really unique, rare instances where you can

change it, but don't go there. All accountants tell their clients, and it's true, just once you choose a method for your car, you're stuck with it. Those two methods,

this is my second point, A and B, are mileage or actual. That's it. So once you choose a method,

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