Still a bit confused as Turbotax is awful at clarifying this stuff.
When I'm working through the worksheet and I go to report "vehicle cost" is that the cost of the Vehicle, or just the business portion of the vehicle.
In other words, if I bought a car for $8K and only used it 7% for business would my "vehicle cost" be $8000 or $560?
(The text of the question is as follows in the interview)
Since you didn't claim depreciation for this vehicle, we'll also need the vehicle's total coast. The cost would normally be the purchase price (learn more)
If you do not immediately use the vehicle for business, the cost will generally be the Fair market value of the vehicle at the time you placed it into service.
Vehicle Total Cost: ?
