I bought a car in April and i am going indept (1099), canI deduct the car?

0 ⤊

I bought a car in April and i am going indept (1099), canI deduct the car?

2006-08-01 09:25:22 · 3 answers · asked by THX_4_answering 1 in Business & Finance ➔ Taxes ➔ United States

3 answers

Your question makes little sense. You CAN NOT deduct your car unless it is used for business (and I don't mean driving to and from your job). Better sell the car and get your self out of debt!

2006-08-01 11:55:21 · answer #1 · answered by Anonymous · 0⤊ 0⤋

You can deduct a portion of your car expenses, depending on what percent of the car's use is for business purposes.

2006-08-01 23:11:44 · answer #2 · answered by Judy 7 · 0⤊ 0⤋

wtf is indept 1099 ?

1099 is an income statement isn't it?

2006-08-01 17:44:43 · answer #3 · answered by kvuo 4 · 0⤊ 0⤋