Djnyse187
New Member

Tax write off for quad axel truck bought

I bought a truck for my business. It cost “ ME” not the business but “ME” $20,000 but it for a new business that has not started generating any income yet. But company has been open but still not operating. Just buying and getting trucks and company ready to start but I put all the money from my pocket. Can I deduct the 20,000 I paid to by the truck on my taxes and how or what forms is needed