I travel as a photographer. I get a W2. I am reimbursed at $.30 a mile. I have completed my return (but not filed) and I need to go back and include the difference between $.30 given and $.54 allowed for 4100 miles driven in 2016. I have looked at other answers that have been posted, but i can't find specific instructions for how enter this after i have completed entering my income and expenses using turbo tax premiere. Do I have to list my car on the return or can I just enter mileage expense without tying the car to the business/occupation?
Yes, you do have to enter information about your car in order to claim the mileage differential.
Employee business expenses are reported on Form 2106, which goes on Schedule A Itemized Deductions. Further, it is in the miscellaneous itemized deduction category that is limited by 2% of your Adjusted Gross Income (AGI). This means that if you are not using itemized deductions and if the expense you are claiming does not exceed 2% of your AGI, it will not make a difference in your refund or balance due.
Given that information and the numbers you mentioned, your employee business expense based only on the mileage would be (4100 x 0.24) = $984. This may help you decide if it is worthwhile to enter the information into your return.
Use these steps to get started entering Form 2106:
On the top row of the TurboTax online screen, click on Search (or for CD/downloaded TurboTax locate the search box in the upper right corner)
This opens a box where you can type in “2106” (be sure to enter exactly as shown here) and click the magnifying glass (or for CD/downloaded TurboTax, click Find)
The search results will give you an option to “Jump to 2106”
- Click on the blue “Jump to 2106” link
After the expenses have been entered, you will enter your reimbursements and the resulting difference will be claimed on Form 2106.