PatriciaV
Expert Alumni

Business & farm

When you enter your business vehicle, choose to report actual expenses instead of using the standard mileage rate.

 

The actual expenses option will provide a place for you to enter the purchase price of your vehicle and decide how much depreciation (and what type) you wish to claim this year. Be sure to read the information on the TurboTax screens that explain the different options and also the rules for claiming Section 179 and Special Depreciation.

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