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Tax, SDIRAs & Cost Segregation

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257
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John W.
  • Rental Property Investor
  • Buffalo, NY
130
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257
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Buying a used car for LLC, %100 business use

John W.
  • Rental Property Investor
  • Buffalo, NY
Posted Nov 14 2017, 08:06

I would like to buy a used car for my LLC, 100% business use. It would be under 6K lbs. Would I be able to deduct the cost against capital gains profits of my LLC?

Sorry, I know this has been talked about but I was unable to find an exact answer to my scenario. 

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