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Level 1
December 4, 2022
Question

I just bought a car, I am a 1099, can I deduct this because I am using the car for 80% business?

  • December 4, 2022
  • 3 replies
  • 47 views
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3 replies

Level 15
December 4, 2022

You can either deduct mileage or 80% of actual expenses on your Sch C. 

Mike9241
Level 15
Level 15
December 4, 2022

please also note there are questions on schedule C  about your auto usage including keeping a written log of business mileage. failure to do so might allow the  IRS to disallow all or part of your auto deduction if audited. 

Mike9241
Alumni - Champ
December 5, 2022

TurboTax has an instructional page on business use of a vehicle:

https://turbotax.intuit.com/tax-tips/small-business-taxes/business-use-of-vehicles/L6hi0zzzh

**Answers are correct to the best of my ability but do not constitute tax or legal advice.