CAN I RECORD ROAD TRACTORS ON THE ASSET SCHEDULE INSTEAD OF VEHICLE WORKSHEET FOR A SCHEDULE C THEY OWN A FLEET OF VEHICLES - IT IS OBVIOUSLY 100%

Forum|Forum|6 years ago
July 2, 2020
8 replies
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ProSeries Professional

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Best answer by meoleson

Class 8 (Typical 5 axle semi tractors) or over the road tractors are 3 year property. Select other then fill in the blanks. Most people put these as 5 year property. The trailers are 5 year property.

Just-Lisa-Now-

Intuit Community Champion

What exactly is a "road tractor"? You mean like a piece of equipment that's used off-road?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

L

lhaddixcpaAuthor

Level 2

Sorry - Long Haul Over the Road Tractor Trailer

They have a fleet of tractor trailers and don't provide the mileage per truck.

They are a schedule C so Asset entry is not giving option for over the road tractor trailers

Vehicle worksheet wants mileage per vehicle.

I listed them all on the asset entry form and used "other" as depreciation method and input all the information myself.

M

meolesonAnswer

Level 6

Class 8 (Typical 5 axle semi tractors) or over the road tractors are 3 year property. Select other then fill in the blanks. Most people put these as 5 year property. The trailers are 5 year property.

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