If an enclosed trailer is being used as a mobile mechnic garage and the expense of the trailer was $10,000, what deductions could be used for that expense in the first year of business (2021)?
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1 Replies
John-H2021
Employee Tax Expert
Oct 27, 2021 10:15:17 AM
Hi again Dianeth,
For the trailer you would depreciate the cost of the trailer over several years.
Also here is a Mechanic's guide to tax deductions that you may find useful