Personal vehicles are not reported on your tax return for any reason.
If you purchase a vehicle for use in a business, you list it as a business asset. You should not have to list it again, but all your assets should remain in your tax file until you sell them or stop using them for business. This also applies to other equipment, tools, and most other property used in the business that has a cost over $2500 and an expected life of more than 1 year.
