How do I get vehicle information for a vehicle which is not listed property and isn't being depreciated to show on Sch C page 2 instead of 4562 page 2?

Forum|Forum|6 years ago
July 22, 2020
4 replies
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ProConnect Tax Online

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T

TaxGuyBill

First ... why is the vehicle not Listed Property??? Aren't all vehicles Listed Property?

Second ... is the 4562 needed for some other reason (such as a new asset that was "placed in service" that year)? If so, if the vehicle is Listed Property, the vehicle goes on 4562.

J

james6Author

Level 2

Vehicles in excess of 6,000 lbs which does not lend itself to personal use (qualified non-personal use vehicle) are not listed property per instructions for 4562. There is no other need for a 4562 in this return. If one vehicle is listed in the "Vehicle/Emp.BusExpense" section under "Deductions" the result goes to Schedule C page 2 where it belongs. This client has two qualified non-personal vehicles he uses in his construction business, so when the second is entered it goes to page 2 of 4562 where it does not belong.

George4Tacks

Level 15

If you want a presentation other than what the program produces, you must contact support to get that fixed. https://proconnect.intuit.com/community/taxation/help/how-to-contact-proconnect-tax-online-for-help/00/4668

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