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Entering vehicle expenses for a non-depreciated vehicle in Lacerte
by Intuit•1• Updated 1 month ago
For more Schedule C resources, check out our Tax topics page for Schedule C where you'll find answers to the most commonly asked questions.
Follow these steps to enter vehicle expenses when not depreciating the assets:
- Go to Screen 30, Vehicle/Employee Business Expense (2106).
- Select the applicable form in the Form (Ctrl+T) dropdown menu.
- Form 2106
- Form 2106/Schedule SE
- Schedule C
- Schedule E (rental)
- Schedule F/Form 4835
- Schedule E (partnership)
- Schedule E/Schedule SE (partnership)
- Schedule E (S corporation)
- Schedule E (estate or trust)
- Select the applicable Activity name or number (Ctrl+T) (code 14) from the dropdown menu.
- Scroll down to the Vehicle Expenses subsection.
- Enter the Description of vehicle (code 801).
- Enter the Date placed in service (code 15).
- Complete the mileage information:
- Enter the Total mileage (code 16)
- Enter the Business mileage (code 17)
- Enter the Commuting mileage (code 19)
- Complete the Actual Expenses subsection (if you enter information for both mileage and actual expenses, Lacerte will optimize the bigger deduction).
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