After our move to California, we used the money that Scott received from that bad...
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After our move to California, we used the money that Scott received from that bad car accident in 2018 to purchase a 100% electric car, a 2019 Tesla Model 3 for $45,000 because thats the type of car that Californian drive, to be used in Scotts real estate business and think that not only did we save money since we didnt have to pay for gas in this tax year by using it, but we also heard about some credits that we might qualify for buying the electric car.
Question: How should I treat $45,000 in 2019? Other income, business expense, or nothing?
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