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April 11, 2022
Question

Can I deduct my vehicle? My parents gave me a truck that I used for self-employment but it's in their name still.

  • April 11, 2022
  • 1 reply
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1 reply

ColeenD3
April 11, 2022

Yes, you can take actual expenses, except for depreciation. You can only take standard miles if you own the car. You don't own it unless you're on the title.