Can one write off truck purchase? (Tax)
Hello all, last time I met with my accountant, she mentioned if I buy a truck (currently own a small car) that I could write it off as a real estate expense as that is what I will be using it for often. Is this accurate? If so, will it make much of a difference come tax time? She mentioned I should buy another property as she said I really need a write off. I don't agree with buying in this market and overpaying for a property (my market is well overpriced). So getting back to the original question, if I were to buy a truck, can I use that as my major tax write off since using it for my rental properties? My accountant does not return my emails or anything as for particulars as to how much it will help. Yes I'm considering switching accountants but afraid of change sometimes. Thanks!