jimbob72
Returning Member

MACRS deprecition car deduction

File jointly

Wife has w-2 wages

I have 1099 as sole prop. & w-2 wages from direct work

Does new car deduction for sole prop deduct from total reported income (spouse w2, company w2 & 1099 sole Prop.)?

Car used 80% for 1099 work

2019 year bulk of income is from w2's next year 50% from spouse & rest 1099 from my consulting