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Get your taxes done using TurboTax
Enter the details for the vehicle in the Business Vehicle Expense section. If you take the standard mileage deduction, the depreciation component is included. If you use Actual Expenses, TurboTax will record the depreciation and fill out Form 4562. Assets, other than vehicles, are entered directly into the asset section. But vehicles have their own interview - there is more data that is needed when it comes to vehicle expenses, so they have their own section.
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‎April 4, 2022
4:49 PM
2,914 Views