https://ttlc.intuit.com/community/self-employed-group/discussion/auto-loan/01/2368517#M3038 <P>Hello!&nbsp; I have an auto loan which is for a car that I use for both work, and for personal family use.&nbsp; How should I categorize this in quickbooks?&nbsp; Can this qualify as a business expense?</P> Wed, 27 Oct 2021 18:12:07 GMT Miamimarinesurvey 2021-10-27T18:12:07Z https://ttlc.intuit.com/community/self-employed-group/discussion/auto-loan/01/2368517#M3038 <P>Hello!&nbsp; I have an auto loan which is for a car that I use for both work, and for personal family use.&nbsp; How should I categorize this in quickbooks?&nbsp; Can this qualify as a business expense?</P> Wed, 27 Oct 2021 18:12:07 GMT https://ttlc.intuit.com/community/self-employed-group/discussion/auto-loan/01/2368517#M3038 Miamimarinesurvey 2021-10-27T18:12:07Z https://ttlc.intuit.com/community/self-employed-group/discussion/re-auto-loan/01/2368620#M3039 <P>Hello&nbsp;<a href="https://ttlc.intuit.com/community/user/viewprofilepage/user-id/4619871">@Miamimarinesurvey</a>&nbsp;!</P> <P>&nbsp;</P> <P>That is a great question. I'll start by suggesting you contacting a Quickbooks Live agent for assistance with your particular bookkeeping issue.&nbsp;</P> <P>&nbsp;</P> <P>However, based on the info you provided here, I will say my advice would be to split the monthly transaction between business and personal expenses, based on a typical percentage of business to personal use. You can set Quickbooks up to do this automatically. If in a particular month you use the vehicle more for business than usual, you can fix the expense transactions in Quickbooks before closing the books. Also remember that from a tax perspective, the principal portion of the auto loan is not deductible, while the interest portion is.&nbsp;</P> Wed, 27 Oct 2021 18:50:02 GMT https://ttlc.intuit.com/community/self-employed-group/discussion/re-auto-loan/01/2368620#M3039 AdamNe 2021-10-27T18:50:02Z