NASE Blogs

Deducting the Cost of a Bicycle Used for Business

Monday, June 14, 2010

Q: I would like to purchase a bicycle for my business that I would use instead of my car to get to my client sites at home and when I travel. I would also use the bike to attend promotional bike centric networking events put on by groups promoting small businesses in the area. Is this a legal expense, since I will be using the bicycle as a means of promoting my company?

A: If the bike is indeed purchased primary for business, then it indeed would be a deductible business expense. The personal usage of the bike, as it is with an automobile, would not be deductible, so you would need to allocate the usage between the two. But the bottom line is that if the bike is indeed used for business, then that portion of the cost will certainly be deductible.

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