Self Employment

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crystalnycol85
crystalnycol85 Member Posts: 1 Newcomer
edited January 15 in General

My husband is a 1099 employee. We puchased a truck for him to use for work only. Are we able to use any parts of the loan payment as a deduction on our taxes??

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  • RustyL
    RustyL FreeTaxUSA Agent Posts: 22
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    Hi Crystal,

    You can enter that vehicle in the 'Business Income' section of the 'Income' tab. Car loan interest paid can be entered there, along with other expenses you may have incurred for the vehicle.