Can you write off your car? - GoFuckYourself.com

MandyBlake · 05-27-2003, 07:04 AM

Can you write off your car for your business? Or only the miles?
Thanks!
Mandy

FreeHugeMovies · 05-27-2003, 07:05 AM

Yes, if it's business related. Keep the recips and kind of jot down what you did and when you did it. This will give you something to reference to IF the IRS asks you anything.

Theo · 05-27-2003, 07:06 AM

is it a cab?

foe · 05-27-2003, 07:20 AM

MandyBlake · 05-27-2003, 07:33 AM

I already keep track of my mileage....I didn't really last year and my accountant told me I really should this year.
I wish I could write off the car payments too lol!

FlyingIguana · 05-27-2003, 07:35 AM

Quote:

Originally posted by MandyBlake
I already keep track of my mileage....I didn't really last year and my accountant told me I really should this year.
I wish I could write off the car payments too lol!

in canada you can write off two thirds of the payments. must be some way you can write it off in the states?

StacyCat · 05-27-2003, 08:05 AM

you can either write off the cost of milage, or the cost of upkeep and expenses. Keep good track of both, and decide which is better for you at the end of the year.

Using the expenses method, you have to put a percentage that you use the car. and you have to be prepared to back it up, thats why many people just use the milage method.

MandyBlake · 05-27-2003, 08:16 AM

Yeah I guess I'll just do the mileage. I guess I should plan some more trips lol

Niki · 05-27-2003, 08:20 AM

whole car, all gas plus all accessories and tuning

angeleyes · 05-27-2003, 08:34 AM

You can write off a portion of it but you can NOT write off the entire thing like someone mentioned in here. (Exceptions below) I happened to ask our accountant who is currently a few feet away from me. You can write off your entire car but hope you don't get audited. If you have two cars, you can write off one car for business but remember, AGAIN if you get audited they take into account what you do for a living.... i.e. Doctors driving here there and everywhere is explainable. If you work from home, it's best not to push the limit and get carried away with the % you write off.

wildporno · 05-27-2003, 08:39 AM

i wrote off mine last year =)

Snake Doctor · 05-27-2003, 08:41 AM

If you have sex with me in the back of your car and film it then you could definitely write it off, call it a prop for a shoot

05-27-2003, 07:04 AM	#1
MandyBlake The one and only! Industry Role: Join Date: Nov 2002 Location: Atlanta, GA Posts: 17,761	Can you write off your car? Can you write off your car for your business? Or only the miles? Thanks! Mandy __________________ Mandy's Playhouse Her First Fat Girl If you're interested in promoting my sites, ICQ me! 178411921

05-27-2003, 07:20 AM	#4
foe Confirmed User Join Date: May 2002 Location: CT Posts: 5,246	yes.

05-27-2003, 07:33 AM	#5
MandyBlake The one and only! Industry Role: Join Date: Nov 2002 Location: Atlanta, GA Posts: 17,761	I already keep track of my mileage....I didn't really last year and my accountant told me I really should this year. I wish I could write off the car payments too lol! __________________ Mandy's Playhouse Her First Fat Girl If you're interested in promoting my sites, ICQ me! 178411921

05-27-2003, 08:16 AM	#8
MandyBlake The one and only! Industry Role: Join Date: Nov 2002 Location: Atlanta, GA Posts: 17,761	Yeah I guess I'll just do the mileage. I guess I should plan some more trips lol __________________ Mandy's Playhouse Her First Fat Girl If you're interested in promoting my sites, ICQ me! 178411921

05-27-2003, 08:34 AM	#10
angeleyes Confirmed User Join Date: Feb 2003 Location: Wandering around FL using random Wireless Connections Posts: 3,584	You can write off a portion of it but you can NOT write off the entire thing like someone mentioned in here. (Exceptions below) I happened to ask our accountant who is currently a few feet away from me. You can write off your entire car but hope you don't get audited. If you have two cars, you can write off one car for business but remember, AGAIN if you get audited they take into account what you do for a living.... i.e. Doctors driving here there and everywhere is explainable. If you work from home, it's best not to push the limit and get carried away with the % you write off. __________________ Need a Writer? Contact Me. I write quality descriptions, short erotic stories, quality one-liners.. whatever you need.

05-27-2003, 07:05 AM	#2
FreeHugeMovies Too lazy to set a custom title Join Date: Dec 2001 Location: Charlotte, NC Posts: 14,137	Yes, if it's business related. Keep the recips and kind of jot down what you did and when you did it. This will give you something to reference to IF the IRS asks you anything.

05-27-2003, 07:06 AM	#3
Theo HAL 9000 Industry Role: Join Date: May 2001 Posts: 34,515	is it a cab?

05-27-2003, 08:05 AM	#7
StacyCat Confirmed User Join Date: May 2002 Location: Texas Posts: 1,167	you can either write off the cost of milage, or the cost of upkeep and expenses. Keep good track of both, and decide which is better for you at the end of the year. Using the expenses method, you have to put a percentage that you use the car. and you have to be prepared to back it up, thats why many people just use the milage method.

05-27-2003, 08:20 AM	#9
Niki Confirmed User Join Date: Jan 2001 Posts: 1,476	whole car, all gas plus all accessories and tuning

05-27-2003, 08:39 AM	#11
wildporno Confirmed User Join Date: May 2003 Posts: 108	i wrote off mine last year =)

05-27-2003, 08:41 AM	#12
Snake Doctor I'm Lenny2 Bitch Join Date: Mar 2001 Location: On top of my soapbox Posts: 13,449	If you have sex with me in the back of your car and film it then you could definitely write it off, call it a prop for a shoot __________________ sig too big