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How do I deduct a bicycle used for business
I am a sole proprietor who sells on marketplaces like eBay. I purchased a bike and have another bike, plus expenses that are used 100% for delivering packages to the shippers. Would the bike, maintenance and parts be a Miscellaneous expense? Vehicle expense? Some other kind of deduction?
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June 1, 2019
10:55 AM
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Business & farm
You would enter the bike as an asset and either depreciate or expense it depending on the cost.
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June 1, 2019
10:55 AM