turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
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.

Vehicle expense

My husband is a truck driver and he used two different trucks during 2021, how can he deduct expenses for both? combining all expenses, or they need to be reported separately?

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
AamilD
Expert Alumni

Vehicle expense

Both of them need to be reported separately. Your husband can take a deduction for the expenses incurred while doing business. It is advisable to keep expenses separate for both the vehicles for record tracking purposes, since in the future the IRS may ask for documentation and it would be easier to provide the breakdown for both the vehicles.

 

Please visit Business Use of Vehicle for more information on the various deductions available and the rules related to it.

View solution in original post

2 Replies
AamilD
Expert Alumni

Vehicle expense

Both of them need to be reported separately. Your husband can take a deduction for the expenses incurred while doing business. It is advisable to keep expenses separate for both the vehicles for record tracking purposes, since in the future the IRS may ask for documentation and it would be easier to provide the breakdown for both the vehicles.

 

Please visit Business Use of Vehicle for more information on the various deductions available and the rules related to it.

Vehicle expense

Thank you so much for your reply. Yes we have all deductions documented and separated for each vehicle.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies