Where to enter mileage using Turbotax business

[pattiejb]

I am an S-corp LLC.  Only person who owns and does everything.

I use my car for over 16,000 miles a year to complete work.  Where in TurboTax Business do I enter the mileage for the deduction?

My accountant in past years has added it as an "Other Deduction" under Automobile and Truck Expenses.  

Does TurboTax business have a place for it or should I continue the way the accountant has done it in the past?

Thank you.

Pattie

[ScottT]

Yes, to enter the car mileage from the business, start with clicking Federal Taxes tab. Then, click on Deductions. At the Depreciation of Assets, you will need to enter the vehicle information. Select Add An Asset. Besure to have the correct date and value when you started using your car for business. Go through and answer the questions from each interview page. Once you are done entering your vehicle information in the Depreciation of Asset section. Start at the Deductions page again. Then, scroll down to Business Expenses section and click on Start at the Vehicle expenses category. The business mileage rate for 2017 is $0.535 (53.5) cents per mile. Calculate the total miles you have driven by the mileage rate, then enter the total amount at the Enter your own auto or truck categories field. Besure to include other vehicle expenses on the page by category.

[pattiejb]

Is this for TurboTax Business version because I'm not seeing what you have said to do in the first 3 sentences.

[pattiejb]

So I found this but the car was never put in as an asset as it was bought by my husband and myself. I guess I'll just put the mileage in as the accountant did last year.

[ScottT]

If you add the vehicle as an asset to the company, certain tax advantages such as depreciation of the vehicle and expenses paid to maintain and operating (general auto expenses) of the vehicle can be beneficial.