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.

If I use 1 vehicle for business, but have multiple businesses how do I write off my registration fee?

Do  I deduct the registration fee for each property. Or do I divide the fee between each home.

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.

1 Best answer

Accepted Solutions

If I use 1 vehicle for business, but have multiple businesses how do I write off my registration fee?

You would allocate the registration fees among the businesses is the technical correct way.

However I would not spend too much time allocating based on mileage and just divide by number of businesses and enter that same amount on each one, just as log as only 100% of the fees are listed.

View solution in original post

1 Reply

If I use 1 vehicle for business, but have multiple businesses how do I write off my registration fee?

You would allocate the registration fees among the businesses is the technical correct way.

However I would not spend too much time allocating based on mileage and just divide by number of businesses and enter that same amount on each one, just as log as only 100% of the fees are listed.

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