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Updated about 7 years ago,

John W.'s profile image
John W.'s profile image
John W.
  • Rental Property Investor
  • from Buffalo, NY
  • Member since Mar 27, 2017
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User Stats

257
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130
Votes
John W.'s profile image
John W.'s profile image
John W.
  • Rental Property Investor
  • from Buffalo, NY
  • Member since Mar 27, 2017
Connect
John W.
  • Rental Property Investor
  • Buffalo, NY
130
Votes |
257
Posts
Tax, SDIRAs & Cost Segregation

Buying a used car for LLC, %100 business use

John W.
  • Rental Property Investor
  • Buffalo, NY
Posted

I would like to buy a used car for my LLC, 100% business use. It would be under 6K lbs. Would I be able to deduct the cost against capital gains profits of my LLC?

Sorry, I know this has been talked about but I was unable to find an exact answer to my scenario. 

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