turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Event: Ask the Experts about your refund > RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

m122
New Member

If I purchased a vehicle that I use in my S-Corp business, how do I enter it as an expense for my self employed income?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

If I purchased a vehicle that I use in my S-Corp business, how do I enter it as an expense for my self employed income?

I strongly suggest you seek out a tax pro. you don't know the difference between an S-Corp for which a separate tax return had to be filed by 3/15/2021 (now 3 months late with a late file penalty of about $600 per shareholder assuming you file by 6/15)  and self-employment income.   it is unlikely you would file correct returns which could lead to additional penalties and interest.   

If I purchased a vehicle that I use in my S-Corp business, how do I enter it as an expense for my self employed income?

@Mike9241 See OP's other posts.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies