Purchase a car for business, where is the best place to write off?
Hello everyone, recently i purchased a car for business, i was wondering beside to write it off in "Assets" is there any better place to write it off in tax return? Many thanks
01152
1 Replies
AnnetteB6
Expert Alumni
May 12, 2021 11:25:51 AM
There is a separate section in the Schedule C Business Income and Expenses portion of your tax return for Vehicle Expense. That is the section that you should use for your business vehicle.