How should what be categorized? The vehicle or the down payment?
A down payment is not a business deduction. There would be no category for it on your tax return.
If you bought a vehicle, the amount you paid for the vehicle (down payment PLUS any financing not counting interest) would be entered as a vehicle business expense. You would then either be able to take the standard mileage deduction or you could take actual expenses. If you choose actual expenses, you may be able to take full depreciation on the vehicle depending on the circumstances. As you walk through the business vehicle expense section, TurboTax will help you decide which way is best for you.
Business Use of a Vehicle
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