Deductions & credits
No, you just treat the entire amount as a purchase price. Down payments and payment plans are not considered here.
You can begin to depreciate the truck once you place it in service. It is an asset for Schedule C.
No, you just treat the entire amount as a purchase price. Down payments and payment plans are not considered here.
You can begin to depreciate the truck once you place it in service. It is an asset for Schedule C.
