Just to add one thing - if your SUV has a gross vehicle weight rating over 6,000 pounds, it might qualify for additional Section 179 deduction if you use actual expenses method. Worth checking the weight specs because it could make a BIG difference in year 1.

Great question! I went through a similar situation last year with my 2018 pickup truck. One thing that really helped me was creating a spreadsheet to compare both methods using my actual numbers. For a $26,000 SUV with 60% business use, the math can go either way depending on your annual mileage and maintenance costs. Since you're using it for the first time in 2025, you're smart to go with standard mileage to preserve your options. The standard mileage rate for 2025 is 67 cents per mile, so if you drive 15,000 business miles, that's $10,050 in deductions right there. One tip: definitely track your actual expenses this year too (gas, maintenance, insurance, etc.) even though you're using standard mileage. That way next year you can compare and see if switching to actual expenses makes sense, especially once your SUV starts needing more maintenance. And yes, you can absolutely deduct the prorated registration fees and sales tax! I deducted about $400 last year doing this. Just multiply your total registration/sales tax by your business use percentage and include it as a separate line item on Schedule C. The key is keeping excellent records either way. I use a simple mileage tracking app and take photos of all vehicle-related receipts. Makes tax time so much easier!

Anyone know if FreeTaxUSA is good with Schedule C for self-employment? I'm a freelancer and TurboTax always upsells me to their expensive "self-employed" version. Wondering if FreeTaxUSA handles this better?

I've been using FreeTaxUSA for three years now and can confirm it's absolutely legitimate - they're an IRS-authorized e-file provider with excellent security. Regarding your state return concern, you're right to check carefully at checkout. FreeTaxUSA's federal filing is free, but state returns typically cost around $14.99 each. Here's what to look for: after completing your federal return, you should see an option to "Add State Return" before finalizing. Make sure both federal AND state show "e-file" status before paying. If your state only shows "print and mail," that means e-filing isn't available for your specific state through their system. I've never had any issues with refund timing compared to when I used more expensive services. The IRS processes returns the same regardless of which software you use to file. You'll save significant money compared to TurboTax while getting the same result!

Just a heads up - if you end up filing without the official 1099-B, make sure you check the box on Form 8949 that indicates you're reporting transactions that weren't reported to you on a 1099-B. This lets the IRS know you're being transparent about not having the official form. Also, document EVERYTHING. Download your transaction history from Robinhood NOW, before it potentially disappears from your easy access. Take screenshots of your attempts to contact them. If there's ever an audit question, you want to show you made every effort to get the correct documents.

I work in tax preparation and see this Robinhood issue frequently. Here's what you need to know from a professional perspective: 1. **You MUST report all stock sales regardless of receiving a 1099-B.** The IRS requires you to report capital gains/losses even without the form. 2. **Robinhood's delay might be legitimate.** Complex situations like wash sales, corporate actions, or basis adjustments can delay forms until March 15th. 3. **For immediate action:** Download your complete transaction history from Robinhood (Account → Statements → Activity). This will have all your trades with dates, quantities, and prices. 4. **Calculate manually if needed:** Use FIFO (First In, First Out) method unless you specifically elected otherwise. Your proceeds minus your cost basis equals your gain/loss. 5. **Don't forget dividends:** Even $10+ in dividends must be reported. Check if you received a 1099-DIV or if it's combined with other forms. The key is accurate reporting with proper documentation. I've helped clients through IRS correspondence when brokers were late with forms, and as long as you report everything accurately and keep records, you'll be fine. Consider filing an extension if you're uncomfortable proceeding without the official form.

One more thing to consider - if you trade in the vehicle instead of selling it outright, you may be able to defer the recapture tax. Section 1031 like-kind exchanges no longer apply to personal property like vehicles (changed with 2017 tax law), but there might be other strategies worth exploring with a tax professional.

This is a great discussion! One key point I'd add is about documentation. Since you mentioned this is for your consulting business, make sure you're keeping detailed records of not just mileage but also how the vehicle is being used for business purposes. The IRS can be pretty strict about heavy vehicle Section 179 deductions, especially for vehicles that could be considered "luxury" like the Hummer EV. They want to see that it's genuinely necessary for your business operations, not just chosen because of the tax benefits. Also, consider the timing of any potential sale carefully. If your business income fluctuates year to year, you might want to time the sale for a year when you're in a lower tax bracket, since that recapture income will be taxed at ordinary rates. The recapture hits all at once in the year of sale, so it could potentially push you into a higher bracket that year. Have you considered whether keeping it as a business asset and taking regular depreciation going forward might make more sense than selling? Sometimes the simplest path is the best one tax-wise.

I actually had this exact same worry when I first started my consulting business! Got a 1099-NEC in my personal name and spent way too much time stressing about it. What everyone here is saying is absolutely correct - for sole proprietorships, you and your business are legally the same entity. The IRS matches everything by your SSN, not the business name on the form. I've been filing 1099s with mixed names (some personal, some business) on the same Schedule C for years now with zero issues. The $14,800 amount you mentioned is definitely significant enough that you want to report it properly, but the good news is it's straightforward. Just include it with all your other business income on Schedule C and you're all set. One thing that gave me extra peace of mind was keeping a simple spreadsheet that tracks which 1099s correspond to which business projects/clients. That way if there are ever any questions, you have clear documentation showing the income belongs to your business activities. But honestly, this is such a common scenario that the IRS systems handle it seamlessly.

I'm dealing with a very similar situation right now! I received three 1099-NECs for my freelance writing work - two have my business name correctly, but one has just my personal name. I was panicking thinking I'd need to file some kind of amended form or contact the client to reissue it. Reading through all these responses has been incredibly helpful and reassuring. It sounds like this is way more common than I realized, and the consensus seems clear that for sole proprietorships, the SSN matching is what matters, not the name discrepancy. I really appreciate everyone sharing their actual experiences with this - it's one thing to read about it in theory, but hearing from people who've successfully filed in this exact situation for multiple years gives me so much more confidence. The tip about sending W-9 forms early in the year is also brilliant and something I'm definitely going to start doing. Thanks to everyone who contributed to this thread - you've saved me a lot of stress and probably prevented me from making this way more complicated than it needs to be!