If a car is wrapped could every mile driven be considered an advertising cost? How do business tax deductions work for wrapped cars?
If I wrap my car for my business what kind of tax deduction can I expect?
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Baseball Express
May 28, 2010 at 6:04 am
Advertisment expense on your schedule C
sumbumblebee
May 28, 2010 at 6:35 am
No.
The only deduction you could take would be the cost to wrap it.
Good luck! :0)
Wayne Z
May 28, 2010 at 6:59 am
No.
There was a court case related to this a few years ago.
The court agreed with the IRS in that putting advertising on your car does NOT turn normally non-deductible mileage in to deductible mileage.
SmartA$$
May 28, 2010 at 7:24 am
The cost to put the advertisement on your car would be a deductible business expense, but it does not change the rules for determining which miles count as a business expense.