n2n
Level 1
02-28-2022
01:15 PM
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my client owns 2 different business one is an INC and the other an LLC (P) .since the LLC was a new company he used the business credit from the INC to purchase the vehicle used solely the LLC. the LLC pays all the expenses and loan on the vehicle. my question is which business get the depreciation write off… the LLC or the INC. The LLC doesn't own the vehicle but uses it solely 100%.
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