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I never sold my personal vehicle i used for my rental property. I took the standard mileage allowance on rental miles. Why is it on schedule of gains/losses?

 
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2 Replies
JamesG1
Expert Alumni

I never sold my personal vehicle i used for my rental property. I took the standard mileage allowance on rental miles. Why is it on schedule of gains/losses?

At the screen Tell us about your vehicle, did you click I stopped using this vehicle in 2019?

If so, this may be generating the question.

 

Follow these steps to review.

  • Down the left side of the screen, click on Federal.
  • Across the top of the screen, click on Income & expenses.
  • Under Your income and expenses, scroll down to Rental properties and royalties (Sch E).
  • Click on Edit/Add to the right of Rental properties and royalties (Sch E).
  • Continue through several screens.
  • At the screen Rental and royalty summary, click Edit to the right of the activity.
  • At the screen Review your xxx rental summary, scroll down to Vehicle expenses.  Click Update to the right.
  • At the screen Vehicle summary, click Edit to the right of the vehicle in question.
  • At the screen Tell us about your vehicle, did you click I stopped using this vehicle in 2019?

If so, this may be generating the question.

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Anonymous
Not applicable

I never sold my personal vehicle i used for my rental property. I took the standard mileage allowance on rental miles. Why is it on schedule of gains/losses?

did you trade in your vehicle? 

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