2007-05-10 02:47:52 · 8 answers · asked by chathoresarekool 1 in Cars & Transportation ➔ Insurance & Registration
Only if the vehicle is a business expense. If it's only used part of the time for business, I believe you can write off part of the car cost as well as the insurance - best to ask your accountant!
2007-05-10 04:38:51 · answer #1 · answered by S17V 4 · 0⤊ 0⤋
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RE Can you write off the cost of a car AND the auto insurance on your taxes??
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2014-08-28 17:20:28 · answer #2 · answered by Anonymous · 0⤊ 0⤋
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RE :Can you write off the cost of a car AND the auto insurance on your taxes??
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2016-08-19 12:26:28 · answer #3 · answered by Lynn 6 · 0⤊ 0⤋
Yes.
If the vehicle is used only for a business and they have certain limits on the use.
An example would be the tow trucks that have "Not for hire" displayed on the door or an owner/operator of a trucking company.
All fuels, oils and operating expenses can be written off.
Please check your local laws regarding business writes off.
Your accountant could tell you what these are.
2007-05-10 04:39:42 · answer #4 · answered by KJV_1971 5 · 0⤊ 0⤋
you might be able to write off SOME auto related expenses if you are self employed or travel alot for business, but you'd likely need alot of documentation to prove it. Ask a tax consultant.
2007-05-10 02:56:30 · answer #5 · answered by GEEGEE 7 · 0⤊ 0⤋
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2016-07-02 06:52:44 · answer #6 · answered by Anonymous · 0⤊ 0⤋
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2015-01-22 13:03:07 · answer #7 · answered by ? 1 · 0⤊ 0⤋
If the car is used for business purposes, yes. Otherwise, no.
2007-05-10 06:35:29 · answer #8 · answered by Beth 4 · 0⤊ 0⤋
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2014-04-14 18:03:33 · answer #9 · answered by Anonymous · 4⤊ 0⤋
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2015-12-19 01:56:11 · answer #10 · answered by Becky 3 · 0⤊ 0⤋