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April 15, 2025
Question

i bought a work truck. where do i enter that?

  • April 15, 2025
  • 1 reply
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    April 15, 2025

    To report the purchase of a work truck in TurboTax, follow these steps:

    Reporting Work Truck Purchase in TurboTax

    1. Open or continue your return.
    2. Navigate to the Schedule C section:
      • TurboTax Online/Mobile: Go to Schedule C. or go to the magnifying glass at top right of screen and search for Schedule C and select the Jump to link.
    3. Answer Yes to Did you have any self-employment income or expenses? and answer the questions until you get the Select any expense categories or asset you have screen.
    4. Select Assets: Choose "Assets" and then "Add an Asset."
    5. Enter Details: Enter the details of the truck, including the purchase price, date of purchase, and business use percentage
    6. Section 179 Deduction: You can elect to use Section 179 to deduct the entire cost of the truck in the first year

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