I get a monthly allowance for car purchase cost, ins and maint, with no actual expense reporting. It's not included on W2 or 1099. Does this get reported and if so how?

njbill2 · ‎June 3, 2019

IsabellaG · ‎June 3, 2019

If this allowance was from your employer, it should have been included on your W-2, because you didn't have to account for it. Are you sure that it's not included as part of your wages?

If it's not, you should use the amount of your allowance to reduce the amount of your automobile expenses claimed as a miscellaneous job expense. You will reach a screen asking if you received any reimbursement for your expenses (see the screenshot below)

If your actual expenses are less then your reimbursement, you would actually have additional income that will be added to your return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

IsabellaG · ‎June 3, 2019

If this allowance was from your employer, it should have been included on your W-2, because you didn't have to account for it. Are you sure that it's not included as part of your wages?

If it's not, you should use the amount of your allowance to reduce the amount of your automobile expenses claimed as a miscellaneous job expense. You will reach a screen asking if you received any reimbursement for your expenses (see the screenshot below)

If your actual expenses are less then your reimbursement, you would actually have additional income that will be added to your return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Expert does your taxes

Do it yourself

Resources

Support

I get a monthly allowance for car purchase cost, ins and maint, with no actual expense reporting. It's not included on W2 or 1099. Does this get reported and if so how?