You'll need to sign in or create an account to connect with an expert.
That's correct. The vehicle deduction is based on your business miles driven. TurboTax is asking these questions because they are required questions on the tax forms for the vehicle deduction.
To take a vehicle deduction, you are supposed to keep a mileage log. While a lot of people don't follow this requirement, it is required if you are ever audited. A mileage log includes odometer readings, dates, locations and business purpose of the trip. There are many software apps you can get for your phone, which automate this.
If you have 2 vehicles, you'll need to set up two cars. Answer the initial questions in regards to one of the vehicles. At the end you'll come to a summary screen of vehicles entered and you can choose to add another vehicle.
If this isn't what you meant, please provide more info below.
Learn more at the IRS here: https://www.irs.gov/pub/irs-pdf/p463.pdf
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
JacqueMunn
New Member
capriga
New Member
rolomo
New Member
rachelmarsden
New Member
madjack93
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.