Claiming car purchased on your taxes?

Haha…I’m just going to assume you’re being sarcastic.

Hahahaha i like this guys style! :snky: :plznoirs:

The super has to eat and watch HD TV too…he’s the most expensive part of my entire operation

I guess you’ve never heard of depreciation Mr. tax expert.

Mortgage principal is not the same as depreciable basis.

You may have a general idea of what you’re doing and just have a poor command of the terminology though.

That’s why someone else does my taxes.

Maybe he has a 27.5 year mortgage on the home only…so it’s all the same right?

Haha…true. That also would assume a 100% mortgage (or more accurately a 90% mortgage attributing 10% of purchase price to the land).

X2.