can you write off a new car as a business expense? how about leasing instead?

can you write off a new car as a business expense? how about leasing instead?
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1 Answer

Answer :

The basic rule of thumb for tax code is this: you have to be able to defend it with a straight face to the IRS. You needed that car for deliveries for your catering business? Sure. You needed that car for your Web 2.0 startup? Probably not.
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