The reason for the statement 'other than vehicles' is because there is a specific location for vehicles that are used in business activities. It may be easier with limitation requirements to enter it in the vehicle section, even though it is not wrong to enter it under business assets as long as you are keeping the other expenses limited to the business use percentage. Please review the information below for assistance.
If you are using TurboTax CD/Download version you will find this under Business Expenses > Cars, trucks, and other vehicle expenses
- TurboTax will use the correct depreciation method based on the business use percentage as determined by your mileage record and entry.
You will be asked about the details of the vehicle such as make and model, weight class and date you began using it in business. Also the business miles and total miles for the year will be asked. Once this is completed TurboTax will ask if you want to use actual expenses or the standard mileage rate.
NOTE: As indicated by @ReneeM7122 if you started using actual expenses on this vehicle the first year it was used for business then you must continue doing that. The standard mileage rate must be selected the first year or you cannot use it on this vehicle in any year.
- If you choose the standard mileage rate the first year a vehicle is placed in service for business, you can choose actual expenses or the standard mileage rate in future years.
- The straight line depreciation must be used whenever actual expenses are used in this case. See IRS Topic 510
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