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Where to list a new car purchase
I have a sole proprietor business. I purchased a new 2020 SUV that I use about 70% of the time for my business in Sept of 2019. I'm getting conflicting answers as to whether I enter this simply under "vehicle business expense" or if it would be entered as a "business asset". Which is correct? If either, which would benefit me?
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‎April 14, 2020
6:38 PM