Own a business, bought a new car so that I could travel to and from it with no issues. Wondering if the taxes and fees associated with the purchase could be considered business expenses, since the per-mile business use was about 33%. I know the exact mileage I drove for business-related things, and I know the standard deduction of 54 cents/mile is better than the actual expenses. My question is more about the fees and interest associated with the purchase of the car.
It's a sole proprietorship LLC, so it receives pass-through taxation.
I also had a NOL last year, and not really sure how I'd roll it over into this year.