topic Trying to start a side business in flipping cars. How should I treat car costs that I incurred? Can i deduct the whole amount i paid for that car as a business expense ?? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/trying-to-start-a-side-business-in-flipping-cars-how-should-i-treat-car-costs-that-i-incurred-can-i/01/147626#M19852 Sat, 01 Jun 2019 07:39:11 GMT dlos6891 2019-06-01T07:39:11Z Trying to start a side business in flipping cars. How should I treat car costs that I incurred? Can i deduct the whole amount i paid for that car as a business expense ?? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/trying-to-start-a-side-business-in-flipping-cars-how-should-i-treat-car-costs-that-i-incurred-can-i/01/147626#M19852 Sat, 01 Jun 2019 07:39:11 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/trying-to-start-a-side-business-in-flipping-cars-how-should-i-treat-car-costs-that-i-incurred-can-i/01/147626#M19852 dlos6891 2019-06-01T07:39:11Z They will be nondeductible inventory until sold. When sol... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/they-will-be-nondeductible-inventory-until-sold-when-sol/01/147646#M19857 <P>They will be nondeductible inventory until sold. When sold deduct as Cost Of Goods Sold.</P> Sat, 01 Jun 2019 07:39:13 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/they-will-be-nondeductible-inventory-until-sold-when-sol/01/147646#M19857 ee-ea 2019-06-01T07:39:13Z