Can the money I paid for the car be deductible? If yes, where can I enter this? This car is for my business in 2018. (I have another car for personal use.)

Forum|Forum|7 years ago
June 7, 2019
1 reply
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I paid $7000 to buy this car. And there are additional taxes I paid for the title change. Can $7000 be part of the business expense or any kind of deductible? where to enter it in TurboTax? Thanks.

TurboTax Self Employed Online

Anonymous

yes. use the asset entry icon on schedule c worksheet to get to form to enter it.

JP21Author

Level 2

Thanks! where to enter the taxes for the car purchase as deductible?

Can the money I paid for the car be deductible? If yes, where can I enter this? This car is for my business in 2018. (I have another car for personal use.)

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