3099420
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.

Fully depreciated truck and want to use expenses only

I previously used a CPA to do the taxes.  Took over this year and am using TurboTax Home and Business.  When I go to enter it as a vehicle it is trying to force me to enter mileage.  There is no option to get around that.  I just wanted to enter expenses such as gas, oil changes, repairs but it won't allow me to get past the mileage questions.  I did not keep a log of miles driven since I am just using expenses.  I don't know starting and ending mileage.  Where do I list the box truck vehicle expenses if not in the vehicle section?

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.

2 Best answer

Accepted Solutions

Fully depreciated truck and want to use expenses only

You   MUST enter the mileage even if you use the actual expenses option. 

View solution in original post

Fully depreciated truck and want to use expenses only

The program needs to know the number of business miles and the number of total miles (business and personal) during the year.  That is used to calculate the business percentage.  Those numbers are also generally required to be on the tax return itself. 

 

That applies whether you use the "Standard Mileage Rate" or if you use the Actual Expenses.  You still need to number the number of miles.

View solution in original post

4 Replies

Fully depreciated truck and want to use expenses only

Fully depreciated truck and want to use expenses only

You   MUST enter the mileage even if you use the actual expenses option. 

Fully depreciated truck and want to use expenses only

But I’m not claiming mileage expenses since this is a business owned truck that is fully depreciated. I’m only claiming actual expenses for the year so I didn’t keep track of any mileage like I do for personal vehicles that are also used for business too. Why would I have to keep track of mileage when I’m not claiming any mileage expense?

Fully depreciated truck and want to use expenses only

The program needs to know the number of business miles and the number of total miles (business and personal) during the year.  That is used to calculate the business percentage.  Those numbers are also generally required to be on the tax return itself. 

 

That applies whether you use the "Standard Mileage Rate" or if you use the Actual Expenses.  You still need to number the number of miles.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question