Tax Year Prior to 2020: deductions

Forum|Forum|6 years ago
January 31, 2020
1 reply
14 views

Where do I put in my deductions for travel/mileage for my car for my business on turbotax Home & Business. It does not give the option or tell me how much per mile. Nor did it ask about things like storage cost for tools or phone costs for my business, or anything. I swear it was there last time I used turbo tax for my taxes.

TurboTax Home & Biz Windows

RobertG

Level 12

In TurboTax Home and Business, when you go in to edit your business, the program will offer you the option under 'Business Expenses' to 'Visit All'.

Under 'Vehicle Expenses', it will allow you to enter both your mileage and actual expenses to determine which is best for you.

To add expenses not classified, select 'Other Miscellaneous Expenses', and enter a description and the amount.

Phone expenses are usually reported as a 'Communication' expense.

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emmett2Author

Level 2

Dear Sir,

I am not seeing business expenses. I see business deductions under 'Less commen business situations'

I hope it doesn't make a difference but I am working on 2016 turbo tax home and business. One would think business deductions would be on here somewhere. Thanks

KarenJ2

Level 13

In your 2016 Home and Business software (see below screen shot):

Click on Business tab at the top
Click I'll work on sections myself
1st screen asks for information on Business profile, go through and answer all question
After entering basic Business information, you will come to a summary screen
Then click the Continue button at the bottom of the page
You will see a screen where you can enter your business income, business expenses and business assets. Click on start for each section.

2016 Home and Business