turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

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

Where Do I add the commercial dump truck that I bought for my business

 
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.

1 Reply
JamesG1
Expert Alumni

Where Do I add the commercial dump truck that I bought for my business

The truck would be reported as an asset within a self-employment activity.  Depreciation on the asset may be reported.

 

Within TurboTax Premier Online, follow these steps:

 

  1. Down the left side of the screen, click Federal.
  2. Down the left side of the screen, click Wages & Income.
  3. Click on the drop down arrow to the right of Self-employment.
  4. Click to the right of Self-employment income and expenses.
  5. At the screen Your 2024 self-employed work summary, select Edit.
  6. At the screen Here's your info, click on the pencil icon to the right of Assets.
  7. Follow the prompts to establish the asset and report depreciation.

You may be reporting another type of business enterprise.  If this does not completely answer your question, please contact us again and provide more information.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question