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I am a sole proprietor - I have a car for personal use but want to rent a car for my business for the next several months. Leasing one after that. What is deductible?
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June 4, 2019
9:57 PM
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Investors & landlords
If you were to rent a car for business purposes, those expenses would be deductible as a Sole Proprietor. You would be able to take actual expenses such as the rental fees, gas etc. Leasing a car for work purposes would also follow the same guidelines for the deductions.
June 4, 2019
9:57 PM