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Ortho Finance 10- Tax Deductions w/ Cecil Staton

Nailed It Ortho

CHAPTER

Navigating Depreciation of Assets in Business: Cautionary Tales on Car Write-offs

This chapter delves into the intricacies of asset depreciation, using cars as a key example. It warns against misleading advice on social media regarding writing off the full cost of a car, emphasizing the necessity of proving business use through methods like tracking mileage.

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