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How to enter Standard mile deduction for vehicle in turbotax business?

I have turbotax business and am trying to enter a work vehicle with a standard mile deduction under a rental property.  I'm not seeing a place to enter this?

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5 Replies
AmyC
Expert Alumni

How to enter Standard mile deduction for vehicle in turbotax business?

When you go through the rental, the rental summary shows Vehicle Expenses. It will ask you questions regarding standard mileage first. 

 

The program will ask you about taking actual mileage. If you used actual mileage the first year with the vehicle, you must actual expenses every year after.

 

 

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How to enter Standard mile deduction for vehicle in turbotax business?

I don't see it on turbotax business.  See the image20200128_171636.jpg

ThomasM125
Expert Alumni

How to enter Standard mile deduction for vehicle in turbotax business?

There is not a separate line entry for vehicle expense for rental property on schedule E, as most landlords don't deduct it. But you can calculate the amount and enter it as a "general expense" by typing it in, in that section.

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How to enter Standard mile deduction for vehicle in turbotax business?

I have many rental properties should I enter the expense all on one property or split it between all the properties?  Or is there a better way?  Thanks!

ColeenD3
Expert Alumni

How to enter Standard mile deduction for vehicle in turbotax business?

Yes, it is more accurate to include the mileage that pertains to a rental on that property's expenses. 

 

Enter the same vehicle information, and beginning/ending mileage (or total/commuting miles). 

However, the actual business miles for each business would be different.

 

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