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December 7, 2022
Question

Can i add my truck to my taxes if i am still paying for it?

  • December 7, 2022
  • 2 replies
  • 0 views
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2 replies

Critter-3
December 7, 2022

Having an asset being paid for by a loan is immaterial.  The business use of the vehicle is handled by either using the standard mileage rate   or  the actual expenses + depreciation option.   

December 8, 2022

you can not deduct any of your truck expenses if you are an employee and do to have a side business where the truck is used.