Here’s the short answer 👇

Putting it under the business:➕ You can deduct everything — payments, fuel, insurance, repairs, and depreciation.➕ Easier recordkeeping (all business).🚫 The business owns it, so personal use becomes a taxable fringe benefit if you use it off the job.🚫 Higher insurance and registration costs in some cases.

Keeping it personal:➕ You can still deduct the business use — either by mileage (IRS rate: 70¢/mile for 2025) or actual expenses.➕ You avoid the fringe benefit issue.🚫 You’ll have to track miles carefully to prove business use.

TLDR:

If the truck is used mostly for business (say 80%+), putting it under the business makes sense.If you use it for work and weekend runs to Costco or kids’ soccer — keep it personal and claim mileage.

Either way, the key is documentation — log your miles and know your use.

Disclaimer: This content is provided for educational purposes only and is not legal, tax, accounting, or financial advice. Every situation is unique, so consult your own attorney, CPA, or financial advisor before making decisions based on this information.