The company is an LLC, disregarded entity. The car title is in my personal name. My objective is tax reduction; mileage is quite low, the standard deduction would not get me much either.
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The company is an LLC, disregarded entity. The car title is in my personal name. My objective is tax reduction; mileage is quite low, the standard deduction would not get me much either.
Hi Everyone,
I am trying to figure this out:
Purchased new car on 12/01/2012 for $65,000, for personal use. I assume that this is the "in service date"
Started a business on 5/1/2016, without...