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Employee
January 27, 2025
Question

Electric delivery van

  • January 27, 2025
  • 1 reply
  • 0 views

Our s-corp purchased an electric delivery van. I added all the info via step-by-step as a fixed asset. It did not ask me anything about it being electric. I noticed when I go to the form view there are additional questions at the bottom of the form that have defaulted to "no". 

 

Listed property?

Subject to auto limitations?

Truck of van?

Electric passenger vehicle?

 

I'm not sure if any of these should be changed to yes. I entered the fixed asset as a van, shouldn't it say yes? It is electric but not a passenger vehicle. There is no other place to enter that the vehicle is electric. 

1 reply

January 27, 2025

The answers to those questions should be "no" because they are about passenger vehicles, not work vans. The only place to mention that your van is electric is in the description of the asset.

Employee
January 27, 2025

Thanks. That makes sense now.