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posted Nov 16, 2019 7:02:04 AM

Buisness Vehicle depreciation?

I am using the Home/Business  option- and trying to list 3 vehicles I purchased for my business using actual expenses- It allows deductions for repairs and insurance.... but where does it allow me to depreciate the vehicle- on my farm section I have to list the vehicle as an asset, but under my business it has an asset section but no bubbles to click on for vehicles? am I trying to place it in the wrong area or what?

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1 Replies
Level 15
Nov 16, 2019 8:02:21 AM

Try using Business Vehicle Expense in the Business Expenses section of the program.

 

Proceed through the screens and indicate that you want to use actual expenses.