Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

where to put tires in lacerte

misskeiko
Level 4

The business does not have a car, but i find automobile expenses in QBO. It includes FASTRAK and tires. I think FASTRAK I should put in parking and tolls? What about tires...

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Best Answer

Accepted Solutions
BobKamman
Level 15

This was a trick question -- the answer is, "If the business does not have a car and the owner does not keep a log of business miles in his POV, the FASTRAK tolls are not deductible."  Just because something is paid from a business account does not mean it belongs on Schedule C.  

View solution in original post

7 Comments 7
BobKamman
Level 15

Does it own a trailer?

misskeiko
Level 4

no...

its a sole prop. i think its the owner's personal car that has a business use.

0 Cheers
BobKamman
Level 15

Is the owner claiming standard mileage rate?  Tires are included in that.  

misskeiko
Level 4

no.. the owner is not claiming standard mileage... 

0 Cheers
BobKamman
Level 15

Maybe you could ask the owner why the tires are a business expense, then.  

George4Tacks
Level 15

Assuming this is for a 1040:

Screen 30 > Vehicle Expenses > Tires

OR

Screen 22 > Automobiles and Other Listed Property > Tires

BUT if the owner doesn't own a car ....  


Answers are easy. Questions are hard!
BobKamman
Level 15

This was a trick question -- the answer is, "If the business does not have a car and the owner does not keep a log of business miles in his POV, the FASTRAK tolls are not deductible."  Just because something is paid from a business account does not mean it belongs on Schedule C.