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December 18, 2022
Question

Do I input the total amount of my monthly auto insurance premium or the amount based on the percentage I use my car for business?

  • December 18, 2022
  • 1 reply
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1 reply

LieraMarie_A
December 18, 2022

Thanks for joining us here in the Community, @vane440553

 

It's important to categorize your auto insurance properly. We use the Car and truck category to track expenses related to using your vehicle for business, including fuel, insurance, and fees. I recommend seeking professional advice from a tax professional to determine what amount to input. They can also help you calculate the right ratio of personal vs. business use on your tax return.

 

You can find more information about organizing your income and expenses in these articles:

 

 

Feel free to swing by if you have other concerns or follow-up questions. The Community is always here to help. Take care always, @vane440553