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How fix the "Vehicle Basis"?? on Car and truck Expenses Worksheet?

 
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JamesG1
Employee Tax Expert

How fix the "Vehicle Basis"?? on Car and truck Expenses Worksheet?

In TurboTax Online, under a self-employment activity, review or correct the cost of your vehicle or vehicle basis at the screen OK, Let's figure out the value of your vehicle.

 

 

Follow these directions to arrive at the screen to enter Vehicle expenses: 

   

  • Down the left side of the screen, click on Tax Home.
  • Click the down arrow to the right of Income & Expenses.
  • Click on the blue band labeled Pick up where you left off.
  • At the screen Your 2024 self-employed work summary, click on the pencil to the right of the self-employment activity.

 

A screenshot of a computer screen

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At the screen Here’s your business info, click on the pencil to the right to enter vehicle expenses.

 

 

Vehicle expenses related to rental activities or farm activities are found under Vehicle expenses under those income activities.

 

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