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Updated over 1 year ago,
Do you write off Car purchase under your RE LLC?
Hi Everyone,
I am about to purchase a car and will be using it for both personal use (e.g., grocery shopping, gym, etc) and definitely for RE business (scouting neighborhoods, seeing listings, visiting properties for maintenance/ tenant issues). Have you generally bought a car under your LLC holding or operating LLC? If not what write off opportunities have you used? I was thinking along the lines of tracking my travel time when doing RE business and tracking miles and then writing off gas bills? Any thoughts appreciated