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

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?

james6
Level 1
 
0 Cheers

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

4 Comments 4
TaxGuyBill
Level 15

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.

james6
Level 1

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.

 

0 Cheers
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/...

Answers are easy. Questions are hard!
TaxGuyBill
Level 15

Interestingly, ProSeries does the same thing.  But when I mark it as Listed Property, it shows up on Line 26 of Form 4562, but does NOT fill out the miles on Lines 30-33 of Form 4562

0 Cheers