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Do I enter my new vehicle in TurboTax or import from Quickbooks or both? I don't want to double-dip nor under-deduct. My much bigger refund makes me think I am doubled
My business incomes and expenses as shown in my quickbooks year end comparison are VERY similar, but TurboTax shows them as very different and me getting a MUCH larger refund. I am very suspicious but can't find anything wrong. I think I may be double dipping by importing new vehicle's depreciation from quickbooks and having Turbotax also deduct it.. It would explain a lot.
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posted
May 31, 2019
6:40 PM
last updated
May 31, 2019
6:40 PM
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Do I enter my new vehicle in TurboTax or import from Quickbooks or both? I don't want to double-dip nor under-deduct. My much bigger refund makes me think I am doubled
Yep, ether import and ignore the turbo tax section or don't import, and just enter all your facts. Your libel to get back more money entering it through turbo tax !
May 31, 2019
6:40 PM
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Do I enter my new vehicle in TurboTax or import from Quickbooks or both? I don't want to double-dip nor under-deduct. My much bigger refund makes me think I am doubled
Yep, ether import and ignore the turbo tax section or don't import, and just enter all your facts. Your libel to get back more money entering it through turbo tax !
May 31, 2019
6:40 PM
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Do I enter my new vehicle in TurboTax or import from Quickbooks or both? I don't want to double-dip nor under-deduct. My much bigger refund makes me think I am doubled
Yes, you have probably doubled up, if you think your refund is way to high, it probably is!
May 31, 2019
6:40 PM
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Do I enter my new vehicle in TurboTax or import from Quickbooks or both? I don't want to double-dip nor under-deduct. My much bigger refund makes me think I am doubled
Thanks. So, should I just ignore the part in Turbotax about entering a new vehicle? Is there a way to view what depreciation items Turbotax is including so I can check for double paths and thus double entries for my new vehicle? Thanks again.
June 11, 2019
9:21 AM
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