Lets say you sell stuff like items that involves shipping. If you bought a new car ? is that a tax write off ? Since you need the car to conduct your business.
Lets say you sell stuff like items that involves shipping. If you bought a new car ? is that a tax write off ? Since you need the car to conduct your business.
Talk to a tax accountent. Believe me, you don't want to end up oweing the IRS thousands of dollars a month for the next decade.
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If you use it ONLY for shipping then you'd be able to write it off at a 30% depreciation of your vehicle, including repairs, gas, etcetera.
I think that if you ship through a third party, the shipping cost can entirely be written off. I suggest that you also go to a tax accountant who can talk to you face to face, and can get the exact idea of what you're trying to do, though.
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