Schedule C Vehicle Figures

[timb1988]

Where can you see turbotax's math?    I can't figure out where they get their vehicle numbers from.  I'm using actual expenses, 2021 was the first full year of service it was used for 11 months in 2020 

business portion of:

Depreciation is 6262

Repairs/maintenance: 638

Insurance: 2310

fuel: 7291

100% of the tolls: 350

total of 16,851   turbotax keeps giving me 18604

using the online self employed version, 

[JamesG1]

See Car and Truck Expenses Worksheet for this information but IRS Form 4562 Part V also reports vehicle expenses for vehicles that are being depreciated.

View forms and worksheet at Tax Tools / Print Center / Print, save or preview this year's return / Include government and TurboTax worksheets.

[timb1988]

for others in the same boat:  you need to purchase (not file) the turbotax to get access to the sheets, there they lay out the math.   i will take time later this week to follow the math but depreciation went up from last year.  last year truck was only in use 11 of 12 months but depreciation is greater than 1 month's worth but i'll follow their math and go from there