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dakota01234
New Member

Can i write off my wrecked car that i use to deliver for doordash.

 
2 Replies
Anonymous
Not applicable

Can i write off my wrecked car that i use to deliver for doordash.

what about insurance coverage? 

Carl
Level 15

Can i write off my wrecked car that i use to deliver for doordash.

No, at least not right away. You have to claim the insurance payout. Since your car insurance was a deductible business expenses (depending on how you claimed vehicle expenses), that means the insurance payout is reportable. It may not be taxable in the end. But it is reportable income.

 

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