where to put tires in lacerte

Forum|Forum|6 years ago
February 19, 2020
4 replies
27 views

The business does not have a car, but i find automobile expenses in QBO. It includes FASTRAK and tires. I think FASTRAK I should put in parking and tolls? What about tires...

Lacerte Tax

This topic has been closed for replies.

Best answer by BobKamman

This was a trick question -- the answer is, "If the business does not have a car and the owner does not keep a log of business miles in his POV, the FASTRAK tolls are not deductible." Just because something is paid from a business account does not mean it belongs on Schedule C.

BobKamman

Level 15

Does it own a trailer?

M

misskeikoAuthor

Level 4

no...

its a sole prop. i think its the owner's personal car that has a business use.

BobKamman

Level 15

Is the owner claiming standard mileage rate? Tires are included in that.

BobKamman

Level 15

Maybe you could ask the owner why the tires are a business expense, then.

George4Tacks

Level 15

Assuming this is for a 1040:

Screen 30 > Vehicle Expenses > Tires

OR

Screen 22 > Automobiles and Other Listed Property > Tires

BUT if the owner doesn't own a car ....

Answers are easy. Questions are hard!

BobKammanAnswer

Level 15

This was a trick question -- the answer is, "If the business does not have a car and the owner does not keep a log of business miles in his POV, the FASTRAK tolls are not deductible." Just because something is paid from a business account does not mean it belongs on Schedule C.

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