topic Vehicle summary expenses in Get your taxes done using TurboTax

Vehicle summary expenses

vbing5 — Sat, 13 Oct 2018 02:56:17 GMT

My vehicle summary shows $11,22 total deduction, but on my Business Vehichle Expense line on Sched C, it drops to $4,441. Why the difference?

Re: Vehicle summary expenses

Carl — Sat, 13 Oct 2018 13:48:18 GMT

A "summary" is exactly that. It provides no detail what-so-ever. Your summary most likely shows what you claimed. The SCH C shows what is "allowed" based on things like having the business income from which to deduct the business expense, percentage of business use, business miles driven as opposed to non-business miles, and the such.

Re: Vehicle summary expenses

vbing5 — Sun, 14 Oct 2018 02:17:53 GMT

One vehicle is 100% business use and had expenses of almost 7500. My other vehicle was part business & mostly personal. My deduction is less than my 100% business use vehicle. My business income is over 100k, so it's not like the vehicle use would make me go negative income.