topic How do I deduct a bicycle used for business in Business & farm

How do I deduct a bicycle used for business

Dreammaker — Sat, 01 Jun 2019 17:55:48 GMT

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?

You would enter the bike as an asset and either depreciat...

Vanessa — Sat, 01 Jun 2019 17:55:50 GMT

You would enter the bike as an asset and either depreciate or expense it depending on the cost.

Thank you =D

Dreammaker — Sat, 01 Jun 2019 17:55:51 GMT

Thank you =D