I'm a 1099 Independent Contractor, can I write off a rental car?

Question

I need to rent a car for work. I will be using it to make delivers while my car is in the shop. Would this count as a tax write off. Thank you.

Answer 1

You enter the expense for the rental car on line 20a of your Schedule C while you would enter the expense for you own vehicle on line 9. In either case you would need to separate personal use from business use before taking the deduction/expense.

Answer 2

Yes, you can write off the cost of the rental car, as long as using it performs the same functions as does your normal car when it is not in the shop.

Answer 3

If the rental car is used for business, its cost is a tax deductible expense. The use of your own car is also tax deductible. You can either depreciate the car and deduct its operating and maintenance expenses, or you can deduct a specific mileage rate. If you use the car also for personal purposes, it is simpler to keep track of the miles you drive for business and use the mileage rate.

Answer 4

Keep track of the mileage while you drive the rental car. Any miles for personal use are *not* deductible. (Just prorate the rental bill between business and personal use.)

Answer 5

Will you be working as an worker, or as an self reliant contractor? which will make a distinction in the type you write off your expenses, and how lots of them you could write off. in case you employ it basically for company, then you definately can likely write off the laptop - in case you besides might use it for private use, then you definately might desire to prorate it. same for the interior reach telephone service. The headset you could in basic terms approximately actual write off on the grounds which you will in basic terms be making use of that for company. in case you have a room on your place which you employ solely and many times for company, you could in all hazard additionally take a house workplace deduction.

Answer 6

yes