https://ttlc.intuit.com/community/tax-credits-deductions/discussion/how-do-i-write-off-the-loss-of-buying-a-bad-vehicle/01/662209#M86725 I bought a used van for my business, but it broke down on the first trip. The cost to fix it was worth more than the van. Can I write off the cost of the van? Thu, 06 Jun 2019 09:40:11 GMT kahart1996 2019-06-06T09:40:11Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/how-do-i-write-off-the-loss-of-buying-a-bad-vehicle/01/662209#M86725 I bought a used van for my business, but it broke down on the first trip. The cost to fix it was worth more than the van. Can I write off the cost of the van? Thu, 06 Jun 2019 09:40:11 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/how-do-i-write-off-the-loss-of-buying-a-bad-vehicle/01/662209#M86725 kahart1996 2019-06-06T09:40:11Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/yes-if-the-van-is-completely-unusable-has-been-junked-a/01/662217#M86727 <P>Yes, if the van is completely unusable, has been junked and/or was not traded for a new vehicle. &nbsp;Each business vehicle that is traded for another relates to the cost basis of the replacement vehicle.&nbsp;</P><P>If there was no trade, then you can deduct this cost of this vehicle under expenses on your business. &nbsp;If you received any money for the van, such as from a junk yard, then that is included in the business income.</P> Thu, 06 Jun 2019 09:40:12 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/yes-if-the-van-is-completely-unusable-has-been-junked-a/01/662217#M86727 DianeW 2019-06-06T09:40:12Z