Originally Posted by boarderman23
What would be the requirement if this does qualify for the 25k deduction...that you use it primarily for business use?
Yes, 50% minimum. Not only do you get a $25K deduction for 2010, you also get the depreciation deduction (since it's the end of the year, you only get a portion of the annual $3000, so, maybe $750). But then you get the full $3000 deduction for the four consecutive years following.
My business use is at, approximately, 85% and should remain that way for the ownership of the vehicle. Issues arise if your business use falls below 50% during subsequent years.
Business mileage needs to be substantiated/logged.
Hope that helps.