"MDinDestin" <mdindestin[at]hotmail.com> wrote in news:12t00m7kaoatn14

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the program is first validating that you can take an expense
for use of an auto. As you go through you it gives you the
option of standard milage or actual expense. You can always
override (lie) to the software, but then the results aren't
guaranteed.

scott s.

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"MDinDestin" <mdindestin[at]hotmail.com> wrote

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True.

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Well, actually you did, as depreciartion is included in the
stadard mileage allowance.

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Yeah, often times you have to trick the software into doing
things the right way.

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That's the joys of the box.

--
Paul Thomas, CPA
paulthomascpapc[at]bellsouth.net

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"MDinDestin" <mdindestin[at]hotmail.com> wrote:

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perhaps its time you engaged a CPA to prepare your tax return

just doing whatever the software prompts you to is no way to
prepare a tax return

___________________________________
<<< Benjamin Yazersky, CPA [NJ & NY] > > -----> real address on hobokeni or hobokenx <-----

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This is the second year in a row I've been hung up on this.
Perhaps because this is the second time I've used TurboTax.

It asks the specific question "Did you have any vehicle
mileage or expense for your rental property". If I answer
yes, it leads me down a road of taking depreciation etc.

It's my understanding that you can't take both depreciation
and the standard mileage deduction.

In the past, I listed the mileage deduction as a vehicle
expense on my schedule E figured by multiplying the amount
of business miles x the standard mileage rate. I didn't
claim the small percentage of the interest on the car loan
or any depreciation.

Do I lie to the software and say no so that I can continue
to just list it on my schedule E?

Perhaps I'm naive, but I would assume the software is too
well thought out to steer the millions who own rental
properties in the wrong direction.

MD

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >