Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Oct 30, 2019 8:41:34 AM

I am a sole proprietor and I notice that I can enter my vehicle expense in two places, one under my business expenses and the other under rental profile. Which one?

0 1 735
1 Replies
Level 11
Oct 30, 2019 8:41:36 AM

If you used the vehicle for both purposes (and qualify to claim it as rental expense - not all rental owners qualify), you can enter the vehicle in both sections and take deductions for each assuming you kept a log for both ventures as well as the total km driven overall in the year.

Here's a link for more information on eligibility for claiming vehicle expenses as a rental owner: https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/rental-income/completing-form...