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Self employed
Can I use Schedule C to deduct New Business Vehicle and other expense related to the business under LLC and use Schedule E for the rental properties?
I do not see on Schedule E area to enter the entire cost of the Vehicle, neither office space % deductions to mention some items.
I do not see on Schedule C are to enter mortgages %, and so on as so detailed like Section E.
Can I use Schedule E for the rentals in come and so, what is applicable and Schedule C for New Business Vehicle and other transportation expense?
March 1, 2023
2:25 PM