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kehk05
Member
Joined: 16 Mar 2008
Posts: 24
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# Posted: 17 Mar 2008 14:18
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Aloha! I need to get a van and was thinking of leasing it and writing off the monthly payments since it'll be used for my business as well. Am I able to write off the entire monthly payment or a portion of it? Does anyone have any suggestions on how I should go about doing this?
Mahalo!
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mountainmom5
Joined: 30 Aug 2007
Posts: 2060
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# Posted: 17 Mar 2008 17:53
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I would ask my cpa on it as it will probably depend on how much you use it for business. I know if you put a magnetic sign on the side as an advertisement, you can deduct most of the payment...
Also go to IRS.com as there is a lot of info on there for small business deductions.
Welcome, by the way!
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mountainmom5
Joined: 30 Aug 2007
Posts: 2060
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# Posted: 17 Mar 2008 17:54
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...if you put [url][/url] before and after your link it will make it clickable...
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kehk05
Member
Joined: 16 Mar 2008
Posts: 24
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# Posted: 17 Mar 2008 20:13
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Thank you for the information! I really appreciate it.
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Learn to dance hula from home. Visit us at http://www.hulagirlrocks.comLive long, healthy and wealthy. Join us at http://www.livinity.com/15013 |
dmitch31
Member
Joined: 18 Jan 2008
Posts: 209
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# Posted: 17 Mar 2008 23:44
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kehk,
Please come back and let us know what you find out. What you are about to learn could be useful for all of us.
Thanks!
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