turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

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

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
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

1 Reply
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.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies