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Updated about 5 years ago, 11/05/2019
Commercial Vehicle Tax Deduction
I recently bought a fourplex that needs some work done to it. This work involves hauling large materials such as lumber, drywall, and much more to the property. Unfortunately I cannot fit these materials into my small sedan. This is why I have considered purchasing a truck. I am just needing a truck that can haul these materials and get good gas mileage.
My question is this: although I do not have this property under a LLC or personally have an LLC. Because I would purchase a truck for the use of my small business, is this a tax deductible purchase?