You'll need to sign in or create an account to connect with an expert.
Your employer may reimburse you for using your car at work, but, if the payments aren’t made pursuant to an accountable plan, your employer has to include them on your W-2. As a result, the reimbursements will be reported on your tax return in the same way as your wages.
Follow the steps below to enter the 1099-MISC in TurboTax. Your car will be included in the total wages on Form 1040 line 1. On the dotted line to the left of the amount on line 1 there will be a notation "F8919" and the amount. Form 8919 will be included in the return. Form 8919 will calculate the Social Security and Medicare taxes that your employer should have withheld from your car allowance. The total of these taxes will appear on Form 1040 and will be included in your total tax liability.
Your employer may reimburse you for using your car at work, but, if the payments aren’t made pursuant to an accountable plan, your employer has to include them on your W-2. As a result, the reimbursements will be reported on your tax return in the same way as your wages.
Follow the steps below to enter the 1099-MISC in TurboTax. Your car will be included in the total wages on Form 1040 line 1. On the dotted line to the left of the amount on line 1 there will be a notation "F8919" and the amount. Form 8919 will be included in the return. Form 8919 will calculate the Social Security and Medicare taxes that your employer should have withheld from your car allowance. The total of these taxes will appear on Form 1040 and will be included in your total tax liability.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
tcadad
New Member
mvanhuizum-gmail
New Member
anon30
Level 3
calderad07
New Member
aoiryuu4346
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.