Discussion:Car rental business
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Revision as of 18:05, 5 December 2006
Discussion Forum Index --> Tax Questions --> Car rental business
DR BRISKET (talk|edits) said: | 5 December 2006 |
| I have a business client who currently sells used cars. He is considering also bringing in a fleet of vehicles that would only be used for rental purposes. Can these specific cars be depreciated? If so, for how long? I don't think they can be considered "Rent to Own" inventory because the rental customer would not be buying the car. The client has indicated these cars would probably eventually be sold. Thanks for any help offered here. | |
