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If I bought a new hybrid vehicle mostly to use for business, can I deduct any part of the purchase as a business expense? Or what is the best option to do with it?

 
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2 Replies
TunyaI
New Member

If I bought a new hybrid vehicle mostly to use for business, can I deduct any part of the purchase as a business expense? Or what is the best option to do with it?

see the following article which describes the criteria used to qualify vehicles for business use - https://turbotax.intuit.com/tax-tips/small-business-taxes/business-use-of-vehicles/L6hi0zzzh

If I bought a new hybrid vehicle mostly to use for business, can I deduct any part of the purchase as a business expense? Or what is the best option to do with it?

This answer was not helpful, I am not asking about deducting mileage or costs pertaining to the vehicle. My question is whether I can deduct any part of the car PURCHASE itself as a business expense, since it was such a large purchase.

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