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how to adjust business car expeneses dedution reduced by inclusion amount ?
I hve two cars for business useage. One claim standard mileage. The other one I just leased in December. There is $5000 downpayent and title registation fee $145 totally $5145 actual expenses .The second new car I use actual expense method. When turbo tax calcaute inclusion amount amount for second car, it shows $0. But when I finish input all the information, the second car business expense only shows $145. The downpayment of $5000 is excluded from businese charges. I want to know how I could correct this error.
March 1, 2020
7:12 AM