turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

vbing5
New Member

Vehicle summary expenses

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?

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
Carl
Level 15

Vehicle summary expenses

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.

 

vbing5
New Member

Vehicle summary expenses

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.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies