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Old 02-19-2013, 02:52 PM
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frugalmama4 frugalmama4 is offline
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Join Date: Jan 2012
Location: Texas
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Default Vehicle Expense/Depreciation Question for Tom Copeland

Hi Tom, follow up question form my previous question.


I'm claiming the actual expense method for a 100% business use vehicle...so would all expenses for this vehicle be deducted at a 100% (gas, insurance, repairs etc.) this is a new auto purchase in 2012.

Deprecation-since the auto is used a 100% for business would I be entitled to deducted the entire purchase price ($30,000) or will it still be limited to the limitation amount ($11,160)?

I'm trying to see over all for my "business and family" if its worth having a second auto with a monthly note.

Thanks!
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