I purchased a truck from my father 5 years ago, and have since been responsible for its upkeep and expenses.Never got around to having him transfer the title to my name.
Announcements
Do you have a TurboTax Online account?
We'll help you get started or pick up where you left off.
I purchased a truck from my father 5 years ago, and have since been responsible for its upkeep and expenses.Never got around to having him transfer the title to my name.
The insurance is under my fathers name but I am listed as the primary driver. I am trying to write off the miles from 2016 as I am self employed and have used the vehicle in question for work for all of 2016.
I purchased a truck from my father 5 years ago, and have since been responsible for its upkeep and expenses.Never got around to having him transfer the title to my name.
For other than Tax Purposes it is advisable to have this vehicle titled in your name as soon as possible. Otherwise, the fact that you are not the Titled Vehicle Owner does not create an issue when deducting mileage for business purposes.
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.