Can I claim a down payment for a company vehicle in "other expenses" for my business? For example, can I say $5000 was spent on a company vehicle?

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No, you do not deduct a down-payment for your business vehicle.

If you opt to use actual costs for your business vehicle, the cost of the vehicle will be depreciated and you can deduct the depreciation related to the business use of the vehicle.

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Received amended K-1's and they have less business income by nearly $10,000 for my wife and my business. Was expecting my amendment to result in lower AGI but no change

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Can I claim a down payment for a company vehicle in "other expenses" for my business? For example, can I say $5000 was spent on a company vehicle?

Can I claim a down payment for a company vehicle in "other expenses" for my business? For example, can I say $5000 was spent on a company vehicle?

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Can I claim a down payment for a company vehicle in "other expenses" for my business? For example, can I say $5000 was spent on a company vehicle?

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Can I claim a down payment for a company vehicle in "other expenses" for my business? For example, can I say $5000 was spent on a company vehicle?

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