topic Re: Adding another expense in Get your taxes done using TurboTax

Adding another expense

IanH — Thu, 15 Nov 2018 20:57:11 GMT

Love the app, but it's not picking up the 11,000 dollars I owe on a vehicle loan. How can I incorporate that into the app to get a correct reading. Thanks in advance.

Re: Adding another expense

Carl — Fri, 16 Nov 2018 01:29:49 GMT

Why do you need that for a tax return? Borrowed money for a car loan that you pay back to the lender is not deductible on any tax return.

Re: Adding another expense

IanH — Fri, 16 Nov 2018 02:29:01 GMT

Maybe I'm not sure how the app worked. Wasnt looking for a tax return but wanted it added to the list of things I owe on. I thought a third of the intuit app was debt and money management, not so much for taxes. But I could totally be wrong.

Re: Adding another expense

Carl — Fri, 16 Nov 2018 14:42:33 GMT

We're on two different pages here. I'm talking about the TurboTax software. Apparently you're not. 🙂

Re: Adding another expense

bmoney — Fri, 16 Nov 2018 16:58:24 GMT

Hey @IanH - Sounds like you're using the Turbo app, is that correct? If you click on the "Total Debt" button on the overview you should see all of the debts included on your credit report. If you recently purchased the card, it may take some time for your auto lender to report to the credit bureaus and then it'll show up in your Turbo account.

If it's not showing up there, feel free to DM me and I can try to help out!