Self Employment Vehicle Deduction

crystalnycol85
crystalnycol85 Member Posts: 1 Newcomer
edited October 7 in Credits/Deductions

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??

Tagged:
· Share on Twitter

Best Answer

  • RustyL
    RustyL FreeTaxUSA Agent Posts: 22
    Answer ✓

    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.

    · Share on Twitter

Categories