Question

I am self employed my personal vehicle for work. I travel out of town 3-4 days a week. I traded my 2017 for a 2018 is that depreciation or is that major expenses?

Forum|Forum|7 years ago
June 3, 2019
3 replies
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TurboTax Self Employed Online

Employee

Do you get a W-2 for your work? The new tax law eliminated the deduction for employee business expenses for 2018 through 2025. If you are a W-2 employee you cannot deduct any of your vehicle expenses or travel expenses.

X

xhiomaraAuthor

no Im self employed

T

TaxGuyBill

Employee

If you are no longer using your 2017 vehicle, you would go through that vehicle section and indicate it was sold.

If you started to use a new vehicle in 2018, you would enter that information in the vehicle section. Just follow the questions, and it should tell you what to enter.