Can I claim new truck as business expense

[Brian Zaug]

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

[Cara Lonsdale]

This will be a good question for your accountant.  However, there are some instances where you can lease the truck to your business.  However, the most common practice is to track the mileage that you use for business and deduct the mileage on your taxes.  The Feds give a pretty healthy mileage deduction, and it will add up.