https://ttlc.intuit.com/community/tax-credits-deductions/discussion/in-the-review-section-for-my-schedule-c-car-and-truck-expense-it-is-asking-me-for-cost-what-cost/01/664599#M87089 Thu, 06 Jun 2019 09:52:08 GMT southtexas 2019-06-06T09:52:08Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/in-the-review-section-for-my-schedule-c-car-and-truck-expense-it-is-asking-me-for-cost-what-cost/01/664599#M87089 Thu, 06 Jun 2019 09:52:08 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/in-the-review-section-for-my-schedule-c-car-and-truck-expense-it-is-asking-me-for-cost-what-cost/01/664599#M87089 southtexas 2019-06-06T09:52:08Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/the-original-cost-of-the-vehicle-turbotax-needs-this-to/01/664608#M87092 <P>The original cost of the vehicle. &nbsp;TurboTax needs this to calculate depreciation. &nbsp;If you bought a new car for your business, your cost (depreciation basis) usually includes:</P>&nbsp;- The actual cost of your car<BR /><BR />&nbsp;- The sales tax you paid<BR /><BR />&nbsp;- Delivery and handling fees, if any<BR /><BR />But the cost of your car <B>DOESN'T</B> include:<BR /><BR />&nbsp;- Department of Motor Vehicle fees<BR /><BR />&nbsp;- Finance charges<BR /><BR />&nbsp;- Credit insurance<BR /><BR />If you bought a new car after Feb. 16, 2009 and used it partially for business and partially for personal use, you can choose to deduct the nonbusiness part of the sales taxes with your itemized deductions.<BR /> Thu, 06 Jun 2019 09:52:09 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/the-original-cost-of-the-vehicle-turbotax-needs-this-to/01/664608#M87092 DawnC0 2019-06-06T09:52:09Z