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!
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!
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!