Question for future plans
Hi I dont currently own a business but I'm planning to start up an automotive restoration shop in a few years and I was just curious if, when I buy a car to restore, if the purchase of the car could be used as a tax write off since it will be bought for the business. I know if I have an LLC and I was to buy a new truck with a GVWR over 8000 pounds as a company vehicle it could be used as a tax write off and I do plan to do that but I'm not sure on if the cars I buy for restorations could be used as a tax write off or not.
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