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Updated almost 7 years ago on .
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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?
Most Popular Reply

@Mark Forest In determining which method of deducting auto expenses to use, you really have to compare the two. Knowing what other investors are doing won't really help you at all.