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Level 1

How do I deduct a bicycle used for business

I am a sole proprietor who sells on marketplaces like eBay.  I purchased a bike and have another bike, plus expenses that are used 100% for delivering packages to the shippers.  Would the bike, maintenance and parts be a Miscellaneous expense? Vehicle expense? Some other kind of deduction?

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Level 3

How do I deduct a bicycle used for business

You would enter the bike as an asset and either depreciate or expense it depending on the cost. 

2 Replies
Level 3

How do I deduct a bicycle used for business

You would enter the bike as an asset and either depreciate or expense it depending on the cost. 

Level 1

How do I deduct a bicycle used for business

Thank you =D