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Old 02-04-2009, 09:41 PM
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Vehicle Purchase - Deduction Question

I purchased a vehicle for my business in 2007 at the aution. It cost me $2,985.13 to drive it off the lot. I took the mileage dedution on my 2007 tax return and forgot about the purchase price of the car. Was I supposed to be able to deduct the purchase price.



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