I just purchased a car and am in the process of closing out a home purchase (which I hope to complete by end of Feb 2017).
Are there any tax deductions on the purchase of a car or home? I looked online, but couldn't find any except for deduction of mortgage interest on the home.
A side question, I'm not planning to do this and am just curious: if I had a self-proprietorship, is it possible to write off the car (or perhaps home) as a business payment? I'm assuming not, but just wanted to ask how a car/house purchase for business purposes is looked at.
Purchase of car and home is in the United States, NY / NJ state if that helps.