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Deductions for Buying a Business Vehicle

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J

jasonpdye

Guest
What is the name of your state? MO

I am getting ready to purchase an approx $45,000 vehicle for 100% business use. It will be a vehicle in excess of 6,000 lb "car rate." I would like to know what deductions are available and how I am able to deduct them.

I have spent hours on the irs website, but am totally confused in all the legal lingo. I understand about what I can deduct as far as actual expenses etc. It is the actual sale of the vehicle that I am needing help with.

Please provide what I am able to deduct, how and where I am able to deduct it on the tax forms.

Thank you in advance for your info.

Jason
 



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