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LLC andCar Purchase Form 1065
My husband and I own a LLC. In 2019 I used the cash proceeds from the LLC to purchase a vehicle. The vehicle is used about 25% for business and about 75% personal. Can I report the purchase on my personal taxes rather than the LLC Business tax form 1065?
Does it matter what name the vehicle is registered?
March 6, 2020
6:07 AM