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Vehicle Purchased Privately for 100% use in Multi Member LLC
Hello,
I purchased (financed) a vehicle privately (due to receiving better terms, etc.) for my Multi-Member LLC business. This vehicle is used to 100% for the business (by myself as the main active member in the Multi-Member LLC). The business is also the one paying for this vehicle loan (and all related costs; insurance, registration, etc). What deductions can I claim from a business side and are there any others I would need to claim personally (if I can't claim any business expenses)?
Thank you!
Topics:
‎January 8, 2022
6:13 PM