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Updated over 7 years ago,

User Stats

58
Posts
27
Votes
Pete Fiannaca
  • Wholesaler
  • Henrietta, NY
27
Votes |
58
Posts

Need Advice... Buying a vehicle as a business expense

Pete Fiannaca
  • Wholesaler
  • Henrietta, NY
Posted
Hey folks - Would love to hear from those who own vehicles that are considered business expenses. Jumping from 1 to 5 units soon and I will be buying a used truck to have on hand for building materials, appliances, etc. What are some things to consider? Any major tax implications? Can I even consider a vehicle a business expense if I'm not considered a real estate professional via the IRS? What if I use the vehicle for business and personal reasons? Hope I can get the basics! Much thanks! Pete

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