domcar
Returning Member

Business & farm

There is NO "Federal Taxes Tab" in my Turbo Tax Home and Business Program (CD Download version).  Would you please re-write this procedure?

Thank you very much!

Dom

 

Reply to message

To enter your vehicle lease expenses, please follow the instructions below:

 

  • Go to the Federal Taxes tab
  • Click Edit next to Self-employment income and expenses
  • Click Edit next to your company name
  • On the next screen, scroll down to the Expenses section and click Add Expenses for this work
  • On the "Tell us about any expenses for your business" page, scroll down and select Vehicle and then Continue.
  • Answer Yes to Did you use a car or truck for your business?
  • Proceed through the interview to enter your vehicle information and mileage information.
  • Once you get to the "You've got a standard mileage deduction…" screen, click Yes to enter your actual expenses.
  • Continue through the interview until you get to the "Enter the lease expenses" page and enter your vehicle lease expenses.
  • Proceed through the rest of the interview to complete your vehicle expenses.