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Old 03-29-2015, 10:32 AM
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Car financing

My S corporation bought a vehicle with 0% interest five year financing and 0 down payment. How can I put the vehicle cost on the tax forms? Do I have to put the full cost of the vehicle (25K) or the actual amount I had payed for it during this year (5K) and keep putting the same amount for the rest of the loan?

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