Article Date:
August 2009

Word Count:



Tax Deduction on Sale of Business Car

I am a self-employed sales professional who is about to buy a new vehicle. I need to know what to do with the old car, an Infiniti i35 that I purchased in September 2003 for $31,785. I drive about 18,000 miles a year. I’m not sure how my accountant is deducting the car, but I think he is using actual expenses. The car loan was paid off in 2008. What do you think I should do with this old car? ... Log in to view full article.

Log in to view full article

Already a subscriber?

Email Address


Log In Send me my password

You'll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter

Not yet a subscriber?
with a money-back guarantee