stevent2323
New member
How do I begin to file purchases as business expenses?
What specifications do I need to meet in order for a purchase to become a business expense? E.g. buying a monitor for personal use, and used for the business. Can I claim lower car insurance or get lower taxes by using my car for business purchases.
Perhaps I can loan the car out to my LLC for tax sheltering purchases? I am asking this question broadly for multiple purchases.
Also, what version of tax filing software is preferred? I have used quickbooks in the past for my W4.
What specifications do I need to meet in order for a purchase to become a business expense? E.g. buying a monitor for personal use, and used for the business. Can I claim lower car insurance or get lower taxes by using my car for business purchases.
Perhaps I can loan the car out to my LLC for tax sheltering purchases? I am asking this question broadly for multiple purchases.
Also, what version of tax filing software is preferred? I have used quickbooks in the past for my W4.