Thread: Depreciation?
View Single Post
newtodaycare22 09:35 AM 01-07-2011
Originally Posted by :
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.
Reply