Business & farm


@jyeh74 wrote:

Person 2 says because the car is owned by the LLC, everything that they do is expensed 100% to the business. 


 

Just to clarify, only the business percentage of expenses can be deducted.  If the vehicle has ANY personal use, that personal-use portion is NOT deductible, regardless of how the vehicle is titled.  And I suspect it is extremely rare that a vehicle would have 100% business use.