topic I wrote off a vehicle last year that I purchased. Looking to purchase another vehicle this year and want to make sure that I can write it off as well. in Deductions & credits

I wrote off a vehicle last year that I purchased. Looking to purchase another vehicle this year and want to make sure that I can write it off as well.

wop52 — Thu, 19 Nov 2020 21:12:59 GMT

Re: I wrote off a vehicle last year that I purchased. Looking to purchase another vehicle this year and want to make sure that I can write it off as well.

Critter-3 — Thu, 19 Nov 2020 22:07:57 GMT

There is no restrictions, you can buy a vehicle every year if you'd like.

Re: I wrote off a vehicle last year that I purchased. Looking to purchase another vehicle this year and want to make sure that I can write it off as well.

tygrtchr — Thu, 19 Nov 2020 22:10:11 GMT

If you are using the vehicle 100% in your business, it can be "written off" as well. If you sold the first vehicle or are no longer using it in your business, you will have a few more questions to answer when you get ready to work on the Business section of your 2020 return. TurboTax will walk you through it.