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re: 1099 Work Questions

Posted on 6/19/17 at 1:49 pm to
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 6/19/17 at 1:49 pm to
quote:

would I be better off purchasing, maybe possibly, leasing a newer vehicle in order to write-off depreciation value??


If you're tracking mileage you get to deduct a certain amount per mile no matter how old your car is. If it's really old you might even be making a profit by driving.
Posted by wickowick
Head of Island
Member since Dec 2006
45829 posts
Posted on 6/19/17 at 2:08 pm to
quote:

If you're tracking mileage you get to deduct a certain amount per mile no matter how old your car is. If it's really old you might even be making a profit by driving.


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