Thread: Michigan LCO's
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Old 11-10-2006, 12:32 AM
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Smithers Smithers is offline
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Join Date: Oct 2004
Location: Detroit Metro, Mi
Posts: 2,265
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.
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