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Question for Mustang product developers regarding vehicle writeoff

rambunctious

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Question for Mustang product developers regarding vehicle write-off

We are developing a new product for the mustang and need access to a vehicle to complete the development and verify our design.

Have you been successful writing off a vehicle for R&D purposes as you develop your products? and if so, how have you documented for tax laws?

do you write off the whole expense ( lease? or payment, insurance, fuel) or only mileage used for development purposes?

I want to write off completely a company car if allowed

any insight would be helpful

Rob
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dkmesa

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Ask a CPA, don't ask other product developers.

-a CPA (but not a tax preparer/expert)
 
 




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