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Deduction for auto registration already added to business expenses, do i deduct again in Deductions and Credits section?

Forum|Forum|7 years ago
June 6, 2019
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TurboTax Self Employed Online

Best answer by MichaelDC

The portion of your vehicle's registration or license fee that's based on the value of the vehicle is considered a personal property tax. You can enter this but only the portion that wasn't claimed as a percentage of business use.

Example. If your vehicle registration was $100 and vehicle was used 75% for business, TurboTax will use $75 as the business expense. If your fee is a value-based, annual fee, you can manually enter the $25 in the Deductions and Credits section.

M

MichaelDCAnswer

Employee

The portion of your vehicle's registration or license fee that's based on the value of the vehicle is considered a personal property tax. You can enter this but only the portion that wasn't claimed as a percentage of business use.

Example. If your vehicle registration was $100 and vehicle was used 75% for business, TurboTax will use $75 as the business expense. If your fee is a value-based, annual fee, you can manually enter the $25 in the Deductions and Credits section.