Selling your personal car to your business
Varies
Can I Sell My Personal Car to My Business?
Short answer: Possible, at fair market value with paperwork; the business then depreciates its cost basis.
Gains on the sale to yourself can be taxable, and related-party rules apply.
Records to keep: Keep receipts or invoices, proof of payment, and a short note of the business purpose.
BW-B22-00793
medium risk
Selling your personal car to your business
Varies
General Business
Other Expenses
Business Write-Off Questions
Possible, at fair market value with paperwork; the business then depreciates its cost basis.
BizWriteOffs provides educational information only and is not tax, legal, or accounting advice. Deductibility depends on your specific facts and records. Consult a qualified tax professional.
Business justification
Possible, at fair market value with paperwork; the business then depreciates its cost basis. Gains on the sale to yourself can be taxable, and related-party rules apply.
Category
- Business Write-Off Questions
business question
search demand 2026
operating
other operating