Business & farm

You have two self-employment activities reported in TurboTax.

The expenses of a vehicle used 100% for business activity but used in two self-employment activities may be allocated between Activity 1 and Activity 2. 

If Activity 1 used 60% of the business miles and Activity 2 used 40% of the business miles, expenses related to the vehicle can be allocated on a 60%/40% basis.

In TurboTax Online, vehicle expenses may be entered by following these directions: 

• Down the left side of the screen, click on Tax Home.
• Click the down arrow to the right of Income & Expenses.
• Click on the blue band labeled Pick up where you left off.
• At the screen Your 2024 self-employed work summary, click on the pencil to the right of the self-employment activity.

• At the screen Here’s your business info, click on the pencil to the right to enter vehicle expenses.

See TurboTax Help.