I may be getting my re license in 2 weeks. A friend of mine keeps telling me that i may be able to deduct certain items like interest from a car loan/gas/etc... is this true?
If you're incorporated you may be able to deduct actual expenses of operating a vehicle for business purposes.
You also have the option to deduct a flat, per mile charge. This method works best for me.
Consult with your CPA or tax preparer to find the best solution for you.
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Jim Lee, REALTORŪ, CRS, ABR, e-PRO [url=www.KnoxvilleHomeCenter.com]www.KnoxvilleHomeCenter.com[/url] [url=www.KnoxvilleTennesseeRealEstateBlog.com]www.KnoxvilleTennesseeRealEstateBlog.com[/url] I am not an attorney & I am not giving you any legal advice.
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