My vehicle summary shows $11,22 total deduction, but on my Business Vehichle Expense line on Sched C, it drops to $4,441. Why the difference?
You'll need to sign in or create an account to connect with an expert.
A "summary" is exactly that. It provides no detail what-so-ever. Your summary most likely shows what you claimed. The SCH C shows what is "allowed" based on things like having the business income from which to deduct the business expense, percentage of business use, business miles driven as opposed to non-business miles, and the such.
One vehicle is 100% business use and had expenses of almost 7500. My other vehicle was part business & mostly personal. My deduction is less than my 100% business use vehicle. My business income is over 100k, so it's not like the vehicle use would make me go negative income.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Raph
Community Manager
ForbidInjustice
Returning Member
niubi
Level 1
stevenkyle
New Member
grids
Level 2
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.