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business deductions

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P

papacido15

Guest
What is the name of your state? In.
I bought a truck for my wife's painting business.
Can I deduct the monthly loan as an expense? If so, where do I deduct it at on my form?
Thanks for any help.
 


A

abezon

Senior Member
No, she deducts/depreciates it on her Schedule C (or takes standard mileage). She gets the interest on the Schedule C as well.
 
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