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Actual Vehicle Expenses for more than 1 business
How do I enter the actual vehicle expense when the vehicle is used for more that 1 business. Do I enter the total vehicle expense, such as total repair costs of $1000, on each Turbo Tax business form, or do I allocate expense and enter the allocated cost. For instance do I enter $1000 repair cost for vehicle expense for each business and assume that Turbo Tax allocates the cost or do I enter $100 (assuming I use the auto for 10% for business 1) and enter $200 for business 2 (assuming I use the car 20% for business 2).
Simply do I allocate the cost or does Turbo Tax allocate the cost in the software.
Thanks
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‎February 15, 2025
10:35 AM