Article Date:
August 2009


Word Count:
319

 

 

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.

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