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francasta
New Member

where to record a new truck installation to perform his job.

should i depreciated or put the full expenses and in wich section?
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Accepted Solutions
Mike9241
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

where to record a new truck installation to perform his job.

if he's an employee, he gets no deduction for the truck. If he's self-employed, the cost of the truck and its depreciation would likely be reported on Schedule C. There's a special section to add vehicles. If a different situation applies, please respond back and clarify what he does and his ownership and employee status with the business. 

 

 

 

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1 Reply
Mike9241
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

where to record a new truck installation to perform his job.

if he's an employee, he gets no deduction for the truck. If he's self-employed, the cost of the truck and its depreciation would likely be reported on Schedule C. There's a special section to add vehicles. If a different situation applies, please respond back and clarify what he does and his ownership and employee status with the business. 

 

 

 

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