MonikaK1
Employee Tax Expert

Deductions & credits

You can enter the purchase of the vehicle in Business Expenses, Business Vehicle Expenses. If you go directly to the Assets section, the program will present a list of assets that doesn't include vehicles.

 

Depending on the information you enter, the program may suggest that you use mileage instead of actual expenses and depreciation. Choose the option when presented that you want to see the results of using actual. More questions will appear where you can choose to take the bonus deduction.

 

See this TurboTax tips article for more information.

 

@mark 

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