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Deductions & credits
Go back to your self-employment expenses by following these steps:
- From Business>Business Income and Expenses>
- I'll choose what I work on>
- Business Income an Expenses click Update>
- Here's the business info we have so far click Edit>
- Scroll down to Business Vehicle Expense click Update>
- Vehicle Summary click Edit>
- Click through the questions and click Yes, when asked if you want actual expenses> Click Continue>
- Continue to click through the questions and you will get to Do you want to take the Special Depreciation Allowance? Click Yes and continue with the rest of the Vehicle interview.
In Forms Mode, you can see this in summary on the Car & Truck Wks for the vehicle. Part VI will show the Special Depreciation Allowance Details.
‎February 18, 2020
9:03 AM