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Level 5
April 13, 2023
Solved

Lease payment of a car under the name of the business not showing up in Schedule C

  • April 13, 2023
  • 2 replies
  • 21 views

My client leased a car under the name of his business (schedule C). I entered all expenses under "Direct Expense" but the lease payments don't show up in Schedule C, only Gas and Insurance are showing in Schedule C. How can I make changes so around 8000 lease payment is deducted from the income?

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Best answer by TaxGuyBill

You've looked at line 20a of Schedule C, right?

2 replies

Level 15
April 13, 2023

You've looked at line 20a of Schedule C, right?

BabakAuthor
Level 5
April 13, 2023

yes

George4Tacks
Level 15
April 14, 2023

What part of the program are you entering these expenses? 

Are you using the 2106 and linking it to Schedule C? 

https://proconnect.intuit.com/support/en-us/help-article/electronic-filing/enter-vehicle-expenses-schedule-c-proconnect/L35s7mIVn_US_en_US?uid=lgfs7xac

 

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