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View Full Version : Writing a car off on your taxes?

breest
03-26-2001, 03:14 AM
Has anyone ever tried to write a car off on their taxes. I was just wondering, because i will be moving in the summer and Im going to buy a car before I leave. I will be making several 500 mile trips from home to meet with my buisness parters, so I plan on writing the car off as a biz expense. Has anyone tried this? Ive heard that you can write off a car that you lease completely but if you purchase it, you can only write off upto $30,000. Any replies arer greatly appreciated! =)

-Breest
9195661
JewDoggyDogg
03-26-2001, 03:38 AM
I'm sure you could write off the mileage u use for those trips...
basschick
03-26-2001, 03:43 AM
you can only write off the whole car if you only use it for business, not for personal.

you can write off every business mile you drive, plus any car expenses (including, i believe, percentage of purchase) that is directly business related.
breest
03-26-2001, 04:01 AM
What do you mean percentage of purchase. I mean I could write off 25% of a $30,000 car? Or something like that?

-Breest
richard
03-26-2001, 05:12 AM
yea, if you used it 25% of the time for business use... but check with the accountant,.
nic
03-26-2001, 09:41 AM
bobby, if i am going to be your business partner than i think you need to hook me up a little more from your sites?

please do not get me arrested http://bbs.adultwebmasterinfo.com/ubb/smile.gif

nic
breest
03-26-2001, 10:32 AM
Nic, message me and we will make a good trade =)

-Breest
breest
03-26-2001, 08:55 PM
Hey, what if I rented out officespace and had to goto an office everyday to work on my sites. Then could I write most (if not all) o the car off? Just Curious =)

-Breest
basschick
03-26-2001, 09:12 PM
yes. we go to a p.o. box every 3 days. it is 9 miles round trip. we got 1089 miles of car expenses off that trip.

if you use your car 50% of the time for business, you can write off 50% of the car, but have an accountant do it unless you have lots of time.

i tried to do some of this with the help of the irs. i spend untold hours on hold as they passed me from department to department. twice they had to have a specialist call me back.

eventually they can tell you everything you need to know, but wow! the wait!