Car purchase tax-write off question

Joined
Apr 17, 2013
Messages
1
Reaction score
0
I'm thinking about starting a website where I promote racing car parts. It'll mean I'll have to buy a car to promote these parts.

I'll probably use it from time to time on personal basis however since my business is online then more than likely 95% of the vehicle will be used for personal. Which would mean I wont deduct any of the miles driven unless it was for business reasons.

My question is would I be able to deduct the purchase price of the car?
 

kirby

VIP Member
Joined
May 12, 2011
Messages
2,448
Reaction score
334
Country
United States
No, you cannot deduct the car. But you can deduct mileage for allowable business use of the car.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top