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JP21
New Member

Can the money I paid for the car be deductible? If yes, where can I enter this? This car is for my business in 2018. (I have another car for personal use.)

I paid $7000 to buy this car.  And there are additional taxes I paid for the title change.  Can $7000 be part of the business expense or any kind of deductible? where to enter it in TurboTax?  Thanks.
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2 Replies
Anonymous
Not applicable

Can the money I paid for the car be deductible? If yes, where can I enter this? This car is for my business in 2018. (I have another car for personal use.)

yes. use the asset entry icon on schedule c worksheet to get to form to enter it.  

JP21
New Member

Can the money I paid for the car be deductible? If yes, where can I enter this? This car is for my business in 2018. (I have another car for personal use.)

Thanks!  where to enter the taxes for the car purchase as deductible?
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