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mathies92503
New Member

Deduction for auto registration already added to business expenses, do i deduct again in Deductions and Credits section?

 
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MichaelDC
New Member

Deduction for auto registration already added to business expenses, do i deduct again in Deductions and Credits section?

The portion of your vehicle's registration or license fee that's based on the value of the vehicle is considered a personal property tax. You can enter this but only the portion that wasn't claimed as a percentage of business use. 

Example. If your vehicle registration was $100 and vehicle was used 75% for business, TurboTax will use $75 as the business expense. If your fee is a value-based, annual fee, you can manually enter the $25 in the Deductions and Credits section.

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MichaelDC
New Member

Deduction for auto registration already added to business expenses, do i deduct again in Deductions and Credits section?

The portion of your vehicle's registration or license fee that's based on the value of the vehicle is considered a personal property tax. You can enter this but only the portion that wasn't claimed as a percentage of business use. 

Example. If your vehicle registration was $100 and vehicle was used 75% for business, TurboTax will use $75 as the business expense. If your fee is a value-based, annual fee, you can manually enter the $25 in the Deductions and Credits section.

View solution in original post

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