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Updated over 4 years ago,
Can I write off a truck?
I owe 2 rental properties, (5 doors), in California. The 1st property is a single family home which is about 5 miles away from where I live. The 2nd property is a 4plex which is about 140 miles away from where I live.
My question is, am I able to buy a truck, and be able to write that truck off?
I need to buy a truck because my old one is done. It’s too old. It doesn’t make it to the 4plex. So I need to get a new truck. But trying to figure out if I get a new truck, will I be able to use that as a tax deduction?