Thank you so much for your response! It makes sense to me and i found it easy to understand. However I still got some issues here...
I tried your suggestions for the following: "
Your other option is to report all the auto expenses on one business (ex: Schedule C). Then add a miscellaneous expense for "auto expenses transferred to Schedule E" with a negative amount. On the Schedule E business, add a miscellaneous expense for "auto expenses transferred from Schedule C" with a positive amount."
When I run through the federal check, it gives me an error on Schedule C. "Other expenses Amount must not add up to a negative value. If negative value have been used as an adjustments to reduce other Line 48 expenses, the adjustments must not reduce the total below $0. "
Because of the negative adjustment on schedule C (I actually don't have any "other expenses"), my line 48 is negative. I guess the tax forms do not allow it. I'm wondering is there any other ways that I can use to allocate the expenses between schedule C and E? Really appreciate any thoughts. Thank you.
