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New Member
posted Jan 6, 2024 10:53:06 AM

Not sure how to claim

I have 83k W2 income from my job 

Paid about 15,500 in taxes 

 

I registered a llc because I will be in business next year and getting credit lines and equipment together (logistics / mechanic business )

 

I bought a semi truck for 6500

A service van for 2000

Some tools I needed for about $600

Laptop ECT that I'm gonna need

 

  • Am I able to write these off ? And offset my W2 taxes 

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1 Replies
Level 15
Jan 6, 2024 11:51:01 AM

If you are not open for business, you cannot claim the expenses. You need to be open for business in order to deduct expenses (or claim depreciation deductions).