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How do I enter the vehicle expenses on the Business Vehicle Expense Worksheet in SureFire?

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📊 Step-by-Step Guide

Step 1: Open the Business Vehicle Worksheet

Use this when you need to start the worksheet.

Go to Vehicle Wkt.

Step 2: Enter the name at the top of the form

Use this when you need to identify the individual or business.

Type the name of the individual or business at the top of the form.

Step 3: Enter vehicle details for each vehicle

Use this when you need to provide the mileage and vehicle description.

For each vehicle, enter the description of the vehicle, business miles, and total miles.

Step 4: Review or enter business use percent (optional)

Use this when you want to skip mileage entries and enter business use directly.

SureFire calculates the percent of business use. You may skip the mileage entries and enter the percent of business use directly on the Business use percent lineif you wish.

Step 5: Understand how totals and deductible amounts are calculated

Use this when you want to know what the worksheet does with your entries.

The worksheet totals the expenses and calculates the deductible amount based on the percent of business use.

Parking fees and tolls are added in at 100%.

Step 6: Duplicate the worksheet if you have more than four vehicles

Use this when you need additional worksheet space.

This worksheet can be duplicated if you have more than four vehicles. Press Shift+F10 to duplicate the form.

Step 7: Enter depreciation correctly

Use this when you need to handle vehicle depreciation.

Depreciation for these vehicles must be entered by linking from Form 4562 to a Depreciation Worksheet.

Step 8: Use separate worksheets for each vehicle

Use this when you need to keep vehicle information organized.

Use a separate worksheet for each vehicle.

Tags: federal,form