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aldinho777
Returning Member

New car, old car

How do I put the miles on a car I used for work until 06/01/2022, then I bought a new one for work, then used the car for the remainder the year.

Also, how can I go back and modify all my expenses in my turbotax computer account?

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3 Replies
AliciaP1
Expert Alumni

New car, old car

You need to enter the end date of using your vehicle by marking the I stopped using this vehicle in 2022 line.  Then you will add your new car and it's information as another vehicle.

 

To do this in TurboTax Online you can follow these steps:

  1. Using the magnifying glass near the top right of the page search for Schedule C
  2. Use the Jump to link that shows in the results
  3. Click Edit for your line of work that has the vehicle
  4. Under Expenses click Edit for Vehicle
  5. Click Edit for the vehicle you need to dispose of
  6. On the Let's get some info about this vehicle screen, check the box for I stopped using this vehicle in 2022
  7. Answer the questions about the business usage of the vehicle until you get to the Sales price  screen
  8. Answer the questions related to no longer using this vehicle
  9. You will return to your Schedule C when you finish, click Edit for Vehicle again
  10. On the Vehicle Summary screen, click Add another vehicle and enter the information for your new car
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aldinho777
Returning Member

New car, old car

Thank you so much! 
What if I have the app version I guess? I bought it at Costco, and just downloaded it to my computer. Is it the same process?

JohnW152
Expert Alumni

New car, old car

It's pretty close to the Online path:

  1. Type schedule c in the search box
  2. Select the Jump to schedule c link
  3. Select Edit next to your business, or Add Another Business if you haven't entered your business income yet
  4. Page through the income-related screens until you get to the Business Expenses screen
  5. There, select Start to the right of Cars, trucks, and other vehicle expenses
  6. Answer Yes on the Any Vehicle Expenses or Sales? screen
  7. Begin entering your vehicle information the Tell us about your business vehicle screen

@aldinho777 

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