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Cant find where to edit vehicles for business expense

Outside sales- I traded in cars and need to change vehicle info and enter mileage and depreciation
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1 Reply
RyanH2
New Member

Cant find where to edit vehicles for business expense

Sure, follow the steps below to enter your job-related vehicle expenses. Mileage, depreciation, and the trade-in are all on Form 2106 under the same category.

To Enter Your Vehicle Expenses:

1. Select "Federal" at the top of the page

2. Select the "Deductions & Credits" sub-tab

3. Scroll down to "Employment Expenses" and select "Show More"

4. Select "Start/Revisit" next to "Job Expenses for W-2 Income"

5. Select "Edit" next to your occupation(Or enter it when asked)

6. Enter your vehicle info and you will come to a screen that reads "Did You Trade in Another Vehicle to Purchase this vehicle?", answer "Yes", enter the money paid(if it was an even trade leave it blank) and continue to answer the questions

7. After you are finished entering the vehicle you should arrive to a screen asking about mileage

8. After you are finished with mileage you will arrive to a screen that reads "Let's Figure Out the Value of Your Vehicle" - this is where depreciation starts

9. Continue to answer the questions and enter anymore necessary expenses until finished

Job-related Expenses





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