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March 28, 2024
Question

What is the limit for vehicle expense?

  • March 28, 2024
  • 1 reply
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What is the limit for vehicle expense? I have $193,259 expenses on my truck this year. After entering all my expenses, turbo tax is only using $178,973 as vehicle expenses. Why is it limiting the expenses?

    1 reply

    KrisD15
    March 29, 2024

    Are you using Actual expenses and is the vehicle used 100% business?

     

    (Even when you use actual expenses, the program asks for business miles and total miles. If the business miles are not 100% of the total miles, the expenses will be prorated) 

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