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Updated over 6 years ago, 04/29/2018
Deducting vehicle expenses
I just bought a cargo van that will be used only for my rental properties. I know there are two ways to expense the costs; either direct expenses or mileage. Which method do all of you use and why?
Also, I want to make my vehicle finance payments through my company. I assume I just set it up like a mortgage, with a note payable and pay the liability through cash?