Richard Head operates his private detective business as a sole-proprietorship. The tax year 2015 was his second year as a self-employed private detective, attached is his Income Statement for 2015.
In 2014 he used the standard mileage rate to calculate his business auto deduction, In 2015 he drove his 2006 Impala a total of 25,000 miles, of which 20,000 miles was for business and 5,000 personal (including 2,000 miles commuting).
Mr. Head’s only other source of income was $5,000 in wages from School as an adjunct physics professor.
Why might Mr. Head not want to elect Section 179
RICHARD HEAD, PRIVATE EYE, INCOME STATEMENT-CASH BASIS