Thread: Depreciation?
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Old 01-07-2011, 09:35 AM
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newtodaycare22 newtodaycare22 is offline
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Join Date: Apr 2010
Location: Maryland
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Default Car

Quote:
Car - don't worry about claiming too many expenses in your first year that create a loss. This is typical. Buying a $6000 car doesn't necessary get you that much in deductions unless you used it more than 50% in your business.
Thanks for the advice about not claiming too much.

with the car...

Actually, we bought a large expedition just for daycare. We have 3 other cars but they cannot fit the car seats. So, its probably 99% daycare use, with a very rare errand.
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