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Small vending business run from your home you would like to know the major deductions that you can claim?
Wiki User
∙ 15y ago
Deductible business expenses in a vending business would include:
Business equipment, such as the vending machines and spare parts. (May need to be depreciated over several years.)
Product.
Business license fees.
Any fees or rent paid to establishment owner where your machines are located.
Any fees paid to location services.
Space in your home used for business, long as it is not used for anything but your vending business.
Keep detailed records of vehicle usage, dates and miles if you wish to deduct that as a business expense.
There may be more deductions you can take. Please consult a tax attorney for professional advice.
Wiki User
∙ 15y ago
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