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

My husband bought a non-working antique truck that he will restore and use for business. How do I enter that into the taxes? An asset, inventory, or company vehicle?

 
Connect with an expert
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

My husband bought a non-working antique truck that he will restore and use for business. How do I enter that into the taxes? An asset, inventory, or company vehicle?

4 Replies

My husband bought a non-working antique truck that he will restore and use for business. How do I enter that into the taxes? An asset, inventory, or company vehicle?

company vehicle

My husband bought a non-working antique truck that he will restore and use for business. How do I enter that into the taxes? An asset, inventory, or company vehicle?

Even though it is does not work at the moment?

My husband bought a non-working antique truck that he will restore and use for business. How do I enter that into the taxes? An asset, inventory, or company vehicle?

Yes if the intent is to restore it and use it.

My husband bought a non-working antique truck that he will restore and use for business. How do I enter that into the taxes? An asset, inventory, or company vehicle?

Thank you very much!
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies