Real Estate Agent · Akron · Member since 2019 · 35 posts · 11 votes
Hello,
Is it common for the investor to be responsible for physically transporting supplies such as carpet and flooring to the job site or will a good GC do this?
If it is going to be my responsibility more often than not, would I be able to write off a new truck as a business expense? Even if I used this truck to commute to my other job?
Is it common for the investor to be responsible for physically transporting supplies such as carpet and flooring to the job site or will a good GC do this?
If it is going to be my responsibility more often than not, would I be able to write off a new truck as a business expense? Even if I used this truck to commute to my other job?
Thank you
A good GC should be responsible for the quoted work including the delivery of supplies. Now if there are substantial savings I would use my personal vehicle. When it comes to writing it off the IRS has specific rules if you have dual use for it as personal and work. You might only be able to write off a %. Speak with your CPA.