Tax write off your car

[@Grandpamoe]

Horrible advice. You’re just throwing money down the drain for the write offs. Its better to own the car and write it over 5 years if its less than 6000 pounds. You can also sell it at the end or after few years and get something else. When you’re leasing you’re throwing money and getting no equity back. A depreciating asset is better than NO asset at all

[@stockmarketconqueror2889]

Are you sure leasing+deductions isn’t less than the depreciation and mechanical costs?

[@bernardallen35]

I want to get the ram 1500 limitied ts not 6000 pounds, how do you think i should go about doing that, and yes i want to wright it off

[@rickycruz2742]

aren’t you able to write off 100% of a leased vehicle

[@user-lo3dl1ew7o]

As a financial advisor I 100% agree

[@liftedrunner]

Something about this guy doesn't seem right-hmm lol

[@richardpatterson4312]

He said nothing that was 100% true. It's not this hard.

[@user-qp7nv5xs5o]

I generally avoid such Overconfidence people...seems like they just wanna take ur money and scam u

[@RicondaRacing]

If I put a decal of my business on the side, aren't I always using it for business because it's advertising?

[@mtigress4589]

No. The cost of the decal is a one time advertising expense. It does not change the business use vs personal use by being there.

[@wooterrackz2699]

Advertising every time you drive it that's what your doing

[@mtigress4589]

@@wooterrackz2699 It's a one time cost for tax purposes. Does not change the nature of personal mileage to business mileage.

[@wooterrackz2699]

@@mtigress4589 I get what your saying but what he's saying seems to make sense

[@sunsetflowsss3823]

I definitely need to connect with you

[@alexmunoz8952]

Hi, I'm looking for help on a situation. If a new multimember LLC has 60,000 left over in 2022 after making all expense payments how could the three members purchase a vehicle for 100% business use to take part of that write off in 2022?

[@meitch710]

Just use expense method for vehicles and write off purchase price. Bonus depreciation too but it’s now only 80%

[@lordtark6736]

What's is really considered used for business?

[@SIRHENNY1]

Think of amazon, and you got your answer.

[@gueroeloteroman6322]

I wanna buy a car that weights around 3000lb.I will be delivering rvs and hooking my car to the RV and driving back in. My car will this be a tax write off?

[@giovanniduenas5206]

Yes

[@SoloTheStaticHater2810]

Het urself an editor

[@bigd90dman]

How much money does your business have to make to do that

[@lackless6267]

at least 80k profit/monthly

[@lackless6267]

but honestly you can completly afford it at 50k

[@Teee_777]

Definitely not 80k or even 50k. Wth lol

[@Jake-vc1jd]

@@Teee_777 tf is dude on lmao

[@Teee_777]

@@Jake-vc1jd 😅