Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 7 years ago,
Can I claim new truck as business expense
So I recently purchased 2 duplexes. I manage these properties myself and they are about a half hour away from my home. These houses need a bit of fixing and i'm able to do most of the work on weekends.
Problem is, I drive a Hyundai. I'm going to buy a new truck which I'm so pumped about! First truck. Thinking a new Ram 1500 Sport. Anyway, am I able to claim that entire truck as a business expense? I have an LLC formed. I'm not a professional in real estate, just a broke teacher with 4 kids doing this on the side.
Thanks