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Submitted 409 days ago...

Sole-Prop

New User (1)

Does title of business car affect ability to deduct car for taxes?

Does a car purchased for our sole-proprietorship need to be titled in the company name in order to deduct the car?

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Answer 1 / 2

Submitted 81 days ago...

Fakery

Brain (2,574)

I believe it does, because it needs to be a "biz car" not a "personal car"

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Answer 2 / 2

Submitted 56 days ago...

SpringTime

Authority (307)

It might be, or else, it at least needs to be primary for business use.

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