Vehicle deduction is not calculating correctly

[VS10]

@AmyC 

The purpose of the Line 30 is to account for the inclusion amount to be subtracted from Line 29.

We should be simply multiplying line 20.i.4 (the inclusion amount) by line 9 (Percentage of Business Use). 

Instead on Line 30, what we are doing is subtracting the inclusion amount (20.i.4) from the rental fee (20.h.3), and then prorating it with the line 9 (business use percentage).

And THEN we are subtracting Line 30 (& 31) from Line 29 to get Line 32, which is then transferred over.

In effect we are adding the prorated inclusion account which is exactly the opposite of what needs to be done. Further we are removing the prorated lease payment portion from the deduction!

Correct Solution

Line 30 should be: Line 20.i.4 * Line 9. and not (Line 20.h.3 - Line 20.i.4) * Line 9.

When the interview happens it calculates it correctly. However the amount filled in the form is incorrect and that is what is transferred over to the return.



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[AmyC]

Thank you. I have gone back and looked at lines 20. My a-i is all actual expenses. Line j is blank. Line 21 takes the total of the expenses. Line 22 is line 21 times business use percentage. For mine, the same number is lines 24 & 27. Then additional expenses are add for the grand total on line 29. Then indeed, less the inclusion on line 31 which is reported separately, leaving the remains on line 32 for car and truck expenses. The line 32 amount going Sch C line 9 for car and truck expenses while the line 30 amount goes to Sch C line 20 for leased vehicles, etc.

You are saying that it is not going to your form correctly.  Can you review your Sch C and determine where the leased payments are going?

[VS10]

@AmyC 

Thank you so much for resolving this!

I went backed and confirmed what you observed. You are correct that the data is flowing through as you noted.

That the two amounts are going to different sections of Schedule C is where the confusion was coming from. 

I wish the worksheet explicitly said what you noted 

Enter line 30 amount to Sch C line 20 for leased vehicles, 
Enter line 32 amount to Sch C line 9 for car and truck expenses

Right now the line 32 of the worksheet is bolded and goes to Line 9 of Sch C, giving the impression it is under reporting the expense!