If I relocate for work, and need to buy a car, can I deduct this purchase or lease?

ANSWER

Expert Eva Morgan's Answer:

If you relocate for a w2 job, than the answer is no. If you use your car for work related purposes, other than commuting from home to work, you can deduct percentage of the business use of the vehicle. If you are relocate as self employed or independent contractor, you might be able to deduct some of the expenses and depreciation but you cannot write of the entire purchase price.

Eva Morgan, EA

Ohio

4 yrs experience

• Currently /5 Stars.
• 1
• 2
• 3
• 4
• 5

3 Ans.