Screen 2106-2 - Employee Vehicle Expenses (1040)

Vehicle Expenses - General Information

This information automatically transfers from the assets. If you are not entering assets, enter a description in this field.
Use this field to indicate the calculation method for car / truck expenses. Optimizing a 1040 luxury auto between standard mileage and actual cost is limited to the first year it was placed in service. Changing between the two options after the first year may or may not be allowed and may require you to adjust the basis and life of the asset.
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