Robot <NOSPAMrobot[at]earthlink.net> writes:

- quote -

The principal you pay on business equipment is not
deductible. Interest and depreciation are deductible (along
with expenses of operating). In the case of vehicles, you
may deduct actual expense or a standard mileage rate which
includes an amount for depreciation.

"Jack" - John H. Fisher - TaxService[at]aol.com
Philadelphia, Pa - Atlantic City, NJ - West Wildwood, NJ
My Newsgroups & Boards at: http://members.aol.com/TaxService/index.html

Where Ignorance is bliss, 'tis folly to be wise!=

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I put a large down payment down on a car used in my business
(self employed).

Is this down payment deductible, or can I only deduct the
interest, etc. of the car?

I may switch to only leasing cars, if this is not
deductible.

- Thanks

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