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June 3, 2023
Question

I need to amend our 2020 taxes. I forgot to add that we bought our semi that year. We are self-employed. Where do I put this?

  • June 3, 2023
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1 reply

Critter-3
June 3, 2023

If you are talking about a Big Rig tractor then you will enter it as an ASSET ... do NOT use the vehicle entry section.  It is a 3 year property and all of the actual expenses must be listed in the expenses section.  You CANNOT use the standard mileage rate on a big rig truck.