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Get your taxes done using TurboTax
It appears the percent business use is calculating wrong or I am missing something obvious.
I have 13,661 miles of business of a total 28,200 miles driven in 2019.
Line 9 of the Car and Truck Expenses instructs me to divide line 6 (business miles) by 5c (total miles) to arrive at business use:
13,661/28,200 is 48.44% but Turbo Tax is calculating 28.26% on Line 9. That's a material difference in the refund I receive for allocating my car interest expense to my business.
Can you help me understand why this calculating differently than the instruction on the form?
March 31, 2020
1:11 PM