Assets purchased selfemployed business. I bought a car for my business and making payments on the car. Can I deduct the monthy payment amount or the whole amount of the car.

[MargaretL]

Neither, actually.  You can deduct the loan interest, but not the monthly payments and not the whole amount.  When you lease the car, you may deduct lease payments when using Actual expenses method... but you cannot deduct the monthly payments when you purchases a vehicle, unfortunately.