How to Buy a Car in Your LLC - Episode 439

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You probably already know the importance of making business purchases in order to lower your overall tax burden. But sometimes, it can be difficult to determine what kinds of purchases can serve as legitimate business expenses. Recently, one of our listeners asked about the idea of purchasing a vehicle as a business expense.

On this episode of Investing in Real Estate, we’re sitting down to discuss the conditions under which it is legitimate to purchase a car as a business expense. We’ll talk about the importance of buying expenses with pre-tax dollars, how to organize your business purchases, and more!

On this episode you’ll learn:

  • How to deduct mileage on your taxes.

  • The importance of taking advantage of depreciation.

  • How to transfer your personal car into your LLC.

  • The likelihood of being audited as a sole proprietor.

  • And much more!

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