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Question

1099 vehicle depreciation

Forum|Forum|2 years ago
April 12, 2024
1 reply
0 views

My Husband is a 1099 contractor and I need to know where and how I add vehicle depreciation on our taxes. I tried chatting with someone but that didn’t help.

thanks

You need to add the cost of the vehicle as an asset in the Business Vehicle Expense section on the screen that says Your (name of business) Business:

You will find this in the area where you enter your business income and expenses.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

Steeves13Author

He doesn’t own a business he is a truck driver.

Employee

If your husband is treated as a contractor, then he is deemed self-employed and does in fact have a business and will file a Schedule C.

*A reminder that posts in a forum such as this do not constitute tax advice.Also keep in mind the date of replies, as tax law changes.