vehicle purchased for business

[nelson-oh]

Hi:  This questions maybe a little long, I want to make sure I explained the situation clearly.  I have 3 rental properties, under my LLC's name.  I want to purchase more short sale properties which I need to go look at them before the sheriff's auction date, in nearby cities, typically in a 60 mile radius.  So I typically drive 3-400 miles in a month to look and evaluate some of these, and I used the LLC to purchase a small SUV in early May of 2021.   I also used it to go work on the 3 rental properties as needed, but it's not too much.  I only use this SUV for this business, nothing personal.

I was trying to find a place to enter this vehicle as a business property so I can depreciate it, but I don't see anywhere in the steps for me to do it, only places to expense for auto expenses (per mile or actual cost) under the Rental Properties.   

I do have this business entered under "Business Items" Schedule C, but still only seem to have a place for "Cars, Trucks and other Vehicle  Expenses" which ask only for miles and expenses.  There is 1 section for "Assets and depreciation", but it specifically said "Assets other than vehicles".  The LLC's business code 531310 (Real estate property managers).

So what do I need to do here.?  Or Turbo Tax Premier does not support this?

Thanks,

[nelson-oh]

OK, I found the answer to my original question.  I had to pick "Actual expense method" to allow the option of depreciation to be available.  This part is fine now.

This brings up another question:  Since I have 3 properties, should I divide this vehicle into equal 1/3 and enter under each property?  Purchase price, mileage, maintenance cost, etc.  Or can I just leave that all under 1 of the 3 properties, which lowers the net income of this 1 property drastically after depreciation of the vehicle.  

[Mike9241]

probably should be split but no easy way to do this in TurboTax. might be helpful should you ever encounter a passive loss limit.