Thread: Michigan LCO's
View Single Post
  #7486  
Old 11-09-2006, 11:32 PM
Smithers's Avatar
Smithers Smithers is offline
LawnSite Silver Member
 
Join Date: Oct 2004
Location: Detroit Metro, Mi
Posts: 2,265
Quote:
Originally Posted by Eclipse
Judging by the question, my quick answer is no.

Who currently owns the bronco? What type of entity is your business, sole prop? partnership? LLC? Corporation?
i agree....just take the vehicle and use it for business use only and just write off the $4500 with depreciation of course.

no need to sell to anyone to get the credit.

of course that's how it works with an S-corp. not sure if it can be applied to every kind.
Reply With Quote
 
Page generated in 0.03643 seconds with 7 queries