All Questions
Tagged with car tax-deduction
10
questions
0
votes
1
answer
372
views
Calculating 179 Vehicle Deduction with Trade in
Let's say you trade in a work car that you never depreciated for a new truck that qualifies for the 179 100% deduction (truck has a GVWR over 6,000-pounds).
To keep the numbers simple, the work car ...
- 305
2
votes
0
answers
319
views
Buying a car as a freelancer - Business costs
I am a freelance software developer, and I am thinking of buying a car, which I would probably use every now and then for personal matters, but mostly for business related trips.
What are the ...
1
vote
0
answers
448
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Form 8936 for 2018- Qualified Plug-in Electric Drive Motor Vehicle Credit
I have been looking for form 8936 for 2018 in order to file my tax returns but have been able to find only the one for 2017 as below.
https://www.irs.gov/forms-pubs/about-form-8936
Is there an ...
- 113
1
vote
0
answers
46
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Reclaiming value out of a car needing expensive repair [duplicate]
I have a car that I purchased for $6k. It drives fine, but needs a new computer, which will cost $2.8k. The diagnosis already cost $400. Given that doing this repair will be 46% of the car value, I am ...
user32205
4
votes
1
answer
195
views
Itemizing deductions: Proportional tax paid for vehicle title and registration that is not sales tax
In 2017 I bought a used car out-of-state (rather than sort through the local options to find one without hidden water damage).
Because I was not a Kansas resident, I had Kansas sales tax waived at ...
- 6,788
1
vote
1
answer
93
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Paid auto registration tax twice in 2017, can both payments be deducted?
The tax on this one vehicle is due January but has a 30 day grace period. Bill usually arrives in early Dec. I paid the tax in Feb 2017, and then again in Dec 2017.
Can I tell TurboTax that I paid ...
- 1,838
4
votes
1
answer
260
views
Car repair tax deductible?
I live in California and I have a rental house in Washington State. I claim the rental as income and have been paying taxes on it. Last year, I drove from California to Washington State to check on my ...
- 143
5
votes
2
answers
359
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Is there a way to claim a car purchase in the tax return?
I purchased a car for $19K; $6K was paid upfront, and the rest is financed over 3 years. Is there a way I can deduct the car purchase in certain circumstances? This vehicle is primarily used for work. ...
- 709
3
votes
1
answer
4k
views
Claiming car as a business expense in the UK
I am filing my tax return as a self-employed in the UK and would like to claim my car as a business expense.
I have read the "Rates for cars" section of this website: https://www.gov.uk/capital-...
- 173
3
votes
1
answer
36k
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If I take a loss when I sell my car, can I claim a capital loss deduction on my income tax return?
If I sell my car off at a loss, can I write that loss off against my income to save on tax? Does it matter if the car was used just for personal leisure use, or if I used the car to generate business ...
- 16k