Deductions & credits
The problem might be how you entered the vehicle on TurboTax:
- You need to make sure that the vehicle is entered under vehicle expenses on your Schedule C.
- You will need to enter the information about the vehicle.
- To calculate the business use percentage, TurboTax will ask for the total mileage and your business mileage.
- The next question will ask you to select if you want actual expenses or the standard mileage rate
- Continue answering the questions, enter your other vehicle expenses
- TurboTax will ask if you purchased this vehicle new, and what the cost was
- Then it'll ask you how much you want to deduct. This is where you will indicate if you want to claim the Section 179 and any special depreciation
- The last question will once again verify that you want to take the actual expenses instead of the standard mileage rate.
Business Use of Vehicles
See the images below for your refence:
