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I purchased a motorcycle in June of 2018 to start a "riding guide" business to take people on rides in my local area as a business. I also work at motorcycle dealership where i use it for accompanied test rides and as as a valuable sales tool
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June 3, 201912:40 PM
last updatedJune 03, 201912:40 PM
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How do I claim the motorcycle on my taxes as a deduction for 2018?
You can deduct your business-related expenses for your motorcycle on your Schedule C Profit or Loss from Business. You can deduct your motorcycleexpenses using either the actual cost method or by using the standard mileage expense method.
The link below has information that you may find useful in deducting vehicle expenses.
https://turbotax.intuit.com/tax-tips/small-business-taxes/business-use-of-vehicles/L6hi0zzzh
June 3, 201912:40 PM
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