Jump to content
ATX Community

4562 Auto Expense


Dave T

Recommended Posts

T/P normally takes auto expense on line 9 of Schedule C but this year he purchased depreciable asset and needs to file form 4562. I believe I now need to show standard mileage on the form as well. but when I go to part V of 4562 , line 24 I don't see where the input screen is. What am I missing besides my brain at this stage of the game?

Thank you

Link to comment
Share on other sites

If you are using ATX, page 2, Part V, Section 5. In Fixed Assets listing, add Vehicles in Category and complete the other fields appropriately.  One of the tabs will be Auto/Listed Information with all the same questions as you know or you can choose Standard Mileage with all that data needed.  Pretty easy, actually.

  • Like 1
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...