My company gave me a car last year for making my sales numbers over an 18 month period. The value of the car has been reported to me on a 1099 - can I deduct any portion of this?
Michellel
Congratulations, Michelle.
Yes, you may deduct all business auto expenses for that car and any other car you use for business. Read these on my website to learn more about auto deductions: How to Calculate Auto Expense and How to Keep a Record of Business Miles .
Best,
June
Yes, you may deduct all business auto expenses for that car and any other car you use for business. Read these on my website to learn more about auto deductions: How to Calculate Auto Expense and How to Keep a Record of Business Miles .
Best,
June
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