can you subtrack your 18 wheeler truck payment from your tax return?

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2007-01-30 01:50:40 · 2 answers · asked by scottfarquhars 1 in Business & Finance ➔ Taxes ➔ Other - Taxes

you can completely deduct a lease payment but if its a loan payment them you will have to get a depreciation schedule from your accountant...

2007-01-30 01:55:42 · answer #1 · answered by Grin Reeper 5 · 2⤊ 0⤋

You can take a depreciation deduction and you can deduct the interest on the loan. But you can't just deduct the loan payments.

2007-01-30 09:53:42 · answer #2 · answered by Bostonian In MO 7 · 2⤊ 0⤋