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Returning Member
posted May 31, 2019 6:40:12 PM

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.

0 3 1040
1 Best answer
New Member
May 31, 2019 6:40:12 PM

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 !

3 Replies
New Member
May 31, 2019 6:40:12 PM

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 !

New Member
May 31, 2019 6:40:16 PM

Yes, you have probably doubled up, if you think your refund is way to high, it probably is!

Returning Member
Jun 11, 2019 9:21:08 AM

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.