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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
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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.
March 23, 2021
6:07 PM