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How do I claim two leased vehicles in a year on Form T777?

by TurboTax•4• Updated 2 months ago

To claim two or more leased vehicles on your return, you must complete a Statement of Employment Expenses (T777) for each individual vehicle claim.

Follow the steps for your edition of TurboTax:

  1. Answer the initial Personal info questions if you haven't already. This unlocks 2024 tax return.
  2. From 2024 tax return, under Add to your return, enter employment, and select Employment expenses.
  3. At Employment Expenses, if you meet the conditions, select Yes.
  4. At Emloyment Expenses Profile, indicate that you have Form T2200 signed by your employer. (You can’t claim employment expenses if you don’t have it.)
  5. Check the box for Motor Vehicle Expenses and answer the questions.
  6. At Employment Related Driving, enter the information for the first leased vehicle.
  7. When you're done, select Enter Another Vehicle.
  8. Repeat the steps for another vehicle as applicable, then select Done With Vehicle.
  1. Select Find, enter employment in the search bar, select Employment expenses, and select Go.
  2. At Employment expenses, if the conditions apply to you, select Yes. (If you're preparing a spousal return, indicate who incurred the expenses).
  3. At Employment Expense Profile, check the boxes for Motor Vehicle Expenses and Leased Automobile during the year, and any other applicable checkboxes, then continue.
  4. At Employment Related Driving, enter the required vehicle and mileage info for the first vehicle, and continue.
  5. At Lease Sales Tax on Your Automobile, indicate the sales tax status of the lease and continue.
  6. At Details of Your Lease, enter the information for the first leased vehicle.
  7. When you reach More than One Employer, select Yes.
  8. Repeat Steps 3 through 6 for the second vehicle, then select Done With Employment Expenses.
  1. From the Toolbar, select Forms. The Form Lookup box opens.
  2. In the Keyword to search for field, enter T777.
  3. Select T777 (1), then OK.
  4. Enter the information for the first leased vehicle.
  5. Repeat Steps 1 and 2.
  6. Select T777 (2).
  7. Enter the information for the second leased vehicle.