turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Event: Ask the Experts about your refund > RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

noeps
New Member

Since 2015 have 2 personal vehicles used in our business but TurboTax didn't ask about it for depreciation purposes & now I can't enter depreciation info for 2016 taxes.

I claimed the standard deduction for my vehicles when entering the mileage.  Does that prevent entering depreciation expenses?

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

Since 2015 have 2 personal vehicles used in our business but TurboTax didn't ask about it for depreciation purposes & now I can't enter depreciation info for 2016 taxes.

The standard mileage rate already includes an amount for depreciation, so you cannot add it. 

https://turbotax.intuit.com/tax-tools/tax-tips/Small-Business-Taxes/Business-Use-of-Vehicles/INF1207...

View solution in original post

2 Replies

Since 2015 have 2 personal vehicles used in our business but TurboTax didn't ask about it for depreciation purposes & now I can't enter depreciation info for 2016 taxes.

The standard mileage rate already includes an amount for depreciation, so you cannot add it. 

https://turbotax.intuit.com/tax-tools/tax-tips/Small-Business-Taxes/Business-Use-of-Vehicles/INF1207...

Since 2015 have 2 personal vehicles used in our business but TurboTax didn't ask about it for depreciation purposes & now I can't enter depreciation info for 2016 taxes.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies