- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
The purchase price is not deducted as an expense. An amount is deducted each year for depreciation on the vehicle over time.
Please read this TurboTax help article about the business use of vehicles for expenses and depreciation.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 13, 2022
6:59 PM