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M
Mitchel1992
February 10, 2025
Question

Do car parts count as assets over 200 for self employed driving?

  • February 10, 2025
  • 1 reply
  • 0 views
Had to make multiple repairs on my work vehicles adding to probably around $600 and didn't know where or if to aff it.

    1 reply

    M
    MindyB
    February 10, 2025

    No, vehicle repairs don't get entered in the asset section. ‌Rather, they go with your business vehicle expense.

     

    Here's how to do this in TurboTax Online:

     

    • Navigate to Federal > Wages & Income > Self-employment income and expenses
    • Edit the business 
    • In the Expense section, locate "vehicle" in your list of expenses, choose the pencil icon to edit
    • Continue through the interview, and choose "actual expenses" when the option appears.
    • Enter the cost in the box for Repairs/Maintenance on the screen "Let's get your actual expenses"

     

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