How to turn a loss into a big tax benefit

So you’ve decided to get rid of your old business vehicle and buy or lease a new one.

What’s the first thing you need to do before you ditch the old car?

Do a calculation and see if you’ve realized a gain or a loss.

If it turns out you’re going to have a loss, don’t lose heart. You see, if you know how to play your cards right, you can still be a winner thanks to Uncle Sam.

Want to find out how to make all the right moves? Read my new, free article titled Tax Tips: Test Your Tax IQ: Realizing Tax Benefits of a Loss Deduction.

Three ways our fact-filled article can help you:

1. We’ll explain the five choices you have (and tell you which one is best!) It’s worth checking out my new article for this information alone. Exactly how you get rid of your car is vitally important as you’ll learn when you read the full article.
2. We’ll tell you the tax impact of donating your car to charity. A bunch of charities want your old car and promise a hefty tax deduction. Can they really deliver a tax break when you deliver the car? You’ll find out when you read the full article.
3. You’ll learn what Section 1031 of the tax code has to say about a trade-in. There’s good news and bad news. And it’s all important news. You’ll get the whole story when you read the full article.