Truck title

Discussion in 'Starting a Lawn Care Business' started by Rock&Snow, Jan 17, 2006.

  1. Rock&Snow

    Rock&Snow LawnSite Member
    Posts: 4

    I just started my company and am going to use my the truck that i have now. Do i need to have it titled in the company name to have it as a tax rightoff, being i still owe money on it, or does it matter who the truck is titled to? Thankspayup
     
  2. MMLawn

    MMLawn LawnSite Gold Member
    Posts: 3,569

    No it doesn't unless you are incorporated, and even then there are ways around it. Remember though to make it 100% deductable you must have another vehicle also as you can't use the truck for personal use and business use and still take a full deduction.
     

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