Intuit HelpIntuit
Entering vehicle expenses for a non-depreciated vehicle in Lacerte
by Intuit• Updated 6 days ago
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).
Sign in now for personalized help
Ask questions, get answers, and join our large community of Intuit Accountants users.
More like this
- Common questions about Form 2106 Vehicle Expense in Lacerteby Intuit•49•Updated July 02, 2024
- Entering nondeductible expenses on Form 1065 in Lacerteby Intuit•10•Updated 1 year ago
- Entering a depreciable asset in Lacerteby Intuit•51•Updated over 1 year ago
- Common questions about Forms 8936/8910 Vehicle Credits in Lacerteby Intuit•12•Updated February 21, 2024
- Entering section 1245 depreciation recapture in Lacerteby Intuit•27•Updated 1 month ago