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Tax, SDIRAs & Cost Segregation

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Michael Glaser
Pro Member
  • Investor
  • Venice, CA
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163
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Buying A Car/Truck Through LLC

Michael Glaser
Pro Member
  • Investor
  • Venice, CA
Posted Oct 11 2017, 20:26

I'm leasing a car right now and in the market to buy a truck this December when the dealers are trying to move the end of year models. 

My LLC is in Kansas, I work in California.

My employer gives me a car allowance and mileage. I drive the truck back to KC a few times of year to work on and look for real estate, so the truck is used for a portion of the year on my business. I would also hold calls in the truck as I manage my properties as well as other real estate related calls.

What are the options I would have buying this truck through my LLC? Pros? Cons? Tax benefits?

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