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New Member
posted Jun 6, 2019 12:35:16 AM

I bought an Enclosed Trailer for my business and had to buy tires to bring it home from out of state. How do i claim this?

Do i claim the trailer as an Asset and add the tires somewhere else, or do i claim the price all together?

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1 Best answer
Expert Alumni
Jun 6, 2019 12:35:18 AM

If the tires were permanently affixed to the trailer, the cost of the tires can be added to the cost of the trailer and that total will become the basis of the asset (trailer) for depreciation purposes.  If the tires were removed from the trailer after it was put in place you can simply deduct the tires as a business expense.

2 Replies
Expert Alumni
Jun 6, 2019 12:35:18 AM

If the tires were permanently affixed to the trailer, the cost of the tires can be added to the cost of the trailer and that total will become the basis of the asset (trailer) for depreciation purposes.  If the tires were removed from the trailer after it was put in place you can simply deduct the tires as a business expense.

New Member
Jun 6, 2019 12:35:20 AM

Great thanks, this is what i needed to know.