What does this mean? "Car & Truck Expenses Worksheet (2000 Toyota Corolla): Fair market value-1"

[jet-ayala]

I'm doing the federal tax review and this is one of a series of questions that came up. Not sure what it's asking? Help please, thanks!

[TerryA · Accepted solution]

For the Leased vehicle inclusion amount of your "Actual Expenses", the program needs to have the fair market value of the leased vehicle to make that calculation. You'll have to figure out that amount if the lease agreement doesn't already have it.