Posted by Tug Boat Lonnie on Friday, May 16, 2003 at 3:59PM :
In Reply to: Re: Working on the wife slowly! posted by NTXT on Friday, May 16, 2003 at 9:36AM :
It is my understanding that you can deduct the entire cost of the truck, gas, and all repairs if it is used soley for the business. Taking a depreciation over several years could make this a very useful advertising vehicle. Buy one of those magnetic door signs with a biscuit on it and your set. This is just my opinion and your tax person would be the right person to ask.
Best Wishes
Lonnie