You'll need to sign in or create an account to connect with an expert.
No, if you do not own the car, you should not list it as an asset for your Schedule C. You can deduct any out of pocket expenses you had for the car, including gas, as long as you are not reimbursed.
No, if you do not own the car, you should not list it as an asset for your Schedule C. You can deduct any out of pocket expenses you had for the car, including gas, as long as you are not reimbursed.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
swick
Returning Member
C1duncan
Level 2
in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill (OBBBA)
shellygros
New Member
in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill (OBBBA)
celenamarie78
New Member
elbeetee
New Member