Vanessa A
Expert Alumni

Business & farm

You would start reporting the vehicle in December of last year when you bought the vehicle. When you take on the loan, you are considered to have paid for the vehicle.  

 

Deducting Auto Expenses

 

To enter your vehicle expenses select the following:

  • Business Income and Expenses
  • Update or Start next to Business Income and Expenses
  • Edit or add a business
  • Update or start next to Business vehicle expense

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"