- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Please go to the BUSINESS tab
Business Income and Expenses Start or Update
If it was already setup, the business will be listed, select Edit
If it was not already setup, do that first
Be sure the Business Profile has been entered
Before entering vehicle expense, it's best to enter the business income (Why? In case you are able to elect Bonus Depreciation or Section 179 Deduction on a vehicle you'd need business income)
Scroll down to Business Vehicle Expense under Business Expense Start or Update
ADD the vehicle if necessary or select EDIT from the list
Go through the vehicle and your mileage will be asked to be entered.
(Note: The software asks for business AND personal miles, why? that is how the program determines the percentage you use the vehicle for business. This matters for depreciation, although if you use the Standard Mileage rate, the depreciation is built into the rate.)
**Mark the post that answers your question by clicking on "Mark as Best Answer"