+ Reply to Thread
Results 1 to 3 of 3
Ads by Google
  1. #1
    spartanic is offline Junior Member
    Join Date
    Jan 2005
    Posts
    47

    tax deduction questions

    I'm considering opening up an Automotive Performance Shop and with that I plan to purchase a car to modify and use as a centerpeice to promote the shop. I'm assuming that I can write off tax deduction on this car. If the car is worth 20k and I invest $10k to modify the car the total is $30k. How much can I expect to get back? Thanks.

  2. #2
    BusinessAdviser's Avatar
    BusinessAdviser is offline
    YE Expert
    Join Date
    Nov 2007
    Location
    Springfield, Missouri
    Posts
    5,277
    Expect to get back? Are you asking how much of that is deductible?

  3. #3
    spartanic is offline Junior Member
    Join Date
    Jan 2005
    Posts
    47
    What happened to your aftermarket parts company? How much of a loan did you have to take out to cover your company and the bimmer?

Ads by Google

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Untitled Document
YoungEntrepreneur Logo Featured on: Business Week About Alltop Wall Street Journal

Terms of Service | Privacy Policy


SEO by vBSEO 3.5.0 RC3