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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1 Best answer

Level 3

Jun 1, 2019 10:55:50 AM

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

Level 3

Jun 1, 2019 10:55:50 AM

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

New Member

Jun 1, 2019 10:55:51 AM

Thank you =D

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How do I deduct a bicycle used for business