I'm thinking about starting a website where I promote racing car parts. It'll mean I'll have to buy a car to promote these parts.
I'll probably use it from time to time on personal basis however since my business is online then more than likely 95% of the vehicle will be used for personal. Which would mean I wont deduct any of the miles driven unless it was for business reasons.
My question is would I be able to deduct the purchase price of the car?
I'll probably use it from time to time on personal basis however since my business is online then more than likely 95% of the vehicle will be used for personal. Which would mean I wont deduct any of the miles driven unless it was for business reasons.
My question is would I be able to deduct the purchase price of the car?