Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
beckmannsherry
New Member

I am a sole proprietor - I have a car for personal use but want to rent a car for my business for the next several months. Leasing one after that. What is deductible?

 
1 Reply
Coleen3
Intuit Alumni

I am a sole proprietor - I have a car for personal use but want to rent a car for my business for the next several months. Leasing one after that. What is deductible?

If you were to rent a car for business purposes, those expenses would be deductible as a Sole Proprietor. You would be able to take actual expenses such as the rental fees, gas etc. Leasing a car for work purposes would also follow the same guidelines for the deductions.

Dynamic AdsDynamic Ads
Privacy Settings
v