actual expense method

Forum|Forum|5 years ago
May 16, 2021
1 reply
8 views

How do I know if I used actual expenses method before? the "note" states if you used it the first year, you MUST use that method the entire time you use the vehicle for business.

TurboTax Home & Biz Windows

Best answer by AmyC

If you have mileage claimed, it was standard. If you see a list of gas, oil, repairs, etc, it was actual.

Mike9241

Level 15

you'll have to go back to the return for the year when you first reported the vehicle

Mike9241

kare2k13Author

Level 5

Thanks, but when I open that file, how do I find that information?

AmyCAnswer

Level 15

If you have mileage claimed, it was standard. If you see a list of gas, oil, repairs, etc, it was actual.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

actual expense method

1 reply

Unlock tailored help options in your account

Get answers to all your tax questions

Unlock tailored help options in your account

Get answers to all your tax questions

Sign up

Login with SSO

Let's get you signed in

Login with SSO