Business Name

Email

Tax Year

Vehicle Inventory

Cost of Used Cars

This is the primary expense for a used car dealership. It represents the purchase price of each vehicle added to the inventory for resale.

$

Floor Plan Interest

Interest paid on loans used to finance vehicle inventory. Dealerships commonly use this method, which is tax-deductible.

$

Vehicle Repairs and Reconditioning

Parts and Labor

Expenses for repairs and parts used to recondition vehicles for sale. This can include engine work, body repairs, detailing, and upgrades.

$

Marketing and Advertising

Website and Online Advertising

Costs associated with maintaining a dealership website and online advertising platforms.

$

Print Advertising

Expenses for print ads in newspapers, magazines, or flyers.

$

Signage and Displays

Costs of dealership signage and vehicle lot displays.

$

Business Operations

Rent or Lease

The monthly rent or lease payment for the dealership property.

$

Utilities

Expenses for utilities like electricity, water, and trash removal.

$

Salaries and Wages

Salaries paid to salespeople, mechanics, detailers, and other employees.

$

Employee Benefits

Employer contributions to health insurance, social security, and other employee benefits.

$

Office Supplies

Costs of office supplies like printer ink, paper, and computer software.

$

Travel Expenses

Transportation costs (e.g., gas, tolls) for trips related to the rental property.

$

Insurance

Business insurance premiums, including property and liability insurance.

$

Professional Fees

Payments to accountants, lawyers, or other professionals.

$

Taxes and Licenses

Costs of business licenses, registration fees, and any applicable sales taxes.

$

Other Expenses

Loan Interest

Interest paid on business loans other than floor plan financing.

$

Travel and Meals

Expenses for business travel and meals associated with sales or car purchases.

$

Business Expenses

(Used Car Dealership)

AE Financial Services

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