William-01
Level 1
12-21-2020
11:41 AM
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Good Morning Group,
I have a scenario that I could use an opinion. A car that is used 100% for business, does it make sense to sell the vehicle to the company, simply for the purposes of increasing business assets?
Or since the company is a Sole-Proprietorship, is it just best to deduct the vehicle properly, according to IRS tax law, based on percentage of business use, and not fuss with the title transfer, etc.
Best Regards,
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