turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

dhbinaj
New Member

I have my LLC. I work as independent contracter for a Limo company that provides me with the car I claim the gas should I put the info for that car that I do not owe?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
Rachel_W
Expert Alumni

I have my LLC. I work as independent contracter for a Limo company that provides me with the car I claim the gas should I put the info for that car that I do not owe?

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.

View solution in original post

1 Reply
Rachel_W
Expert Alumni

I have my LLC. I work as independent contracter for a Limo company that provides me with the car I claim the gas should I put the info for that car that I do not owe?

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.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question