[net.legal] A taxing question

rcj1@ihlpm.UUCP (rj) (03/10/86)

		I am thinking of going into a part time (for now)
		business (home remodeling), business checking
		account, business cards, letter heads etc, the
		whole schmear. I am also in the market for an
		car or truck. Question: If I buy a truck, can
		I use it for tax purposes, i.e. depreciation
		as a business expense? Also, does it matter
		that I'm in business part time? Any other
		particulars will be appreciated.

				Ray
				ihnp4!ihlpm!rcj1

ron@brl-smoke.ARPA (Ron Natalie <ron>) (03/13/86)

> 
> 		I am thinking of going into a part time (for now)
> 		business (home remodeling), business checking
> 		account, business cards, letter heads etc, the
> 		whole schmear. I am also in the market for an
> 		car or truck. Question: If I buy a truck, can
> 		I use it for tax purposes, i.e. depreciation
> 		as a business expense? Also, does it matter
> 		that I'm in business part time? Any other
> 		particulars will be appreciated.
> 
What matters more is whether the truck is going to be used solely for
the business or if you are going to use it for personal use as well.

-Ron