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beehappy
Returning Member

how to adjust business car expeneses dedution reduced by inclusion amount ?

I hve two cars for business useage. One claim standard mileage. The other one I just leased in December. There is $5000 downpayent and title registation fee $145 totally $5145 actual expenses .The second new car I use actual expense method. When turbo tax calcaute inclusion amount amount for second car,  it shows $0. But when I finish input all the information, the second car business expense only shows $145. The downpayment of $5000 is excluded from businese charges. I want to know how I could correct this error.

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1 Reply
ColeenD3
Expert Alumni

how to adjust business car expeneses dedution reduced by inclusion amount ?

Did you enter the amount under lease payment? Did you have any business miles in December? What is the ratio of total miles to business miles?

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