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March 27, 2021
Question

Why is my car insurance and fuel expenses showing as a disallowed expense?

  • March 27, 2021
  • 1 reply
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1 reply

March 27, 2021

Thanks for posting here today, @jamesfordaccount.

 

I have some information about car insurance and fuel expenses. QBSE uses standard mileage and actual expenses deduction methods for a vehicle when you're self-employed.

 

You can use the standard mileage method if you're counting every single expense related to driving your vehicle and use the actual expenses method to calculate and deduct the amount you spent using your car for business.

 

For fuel and car insurance, you'll want to use the actual expenses method. When you categorize your expense, you can mark them as Business and use Car and Truck for the expense category. Want more details? Check out this guide: Learn about standard mileage and actual expenses deduction methods.

 

In case you need help with other QBSE tasks, browse this link here to go to our general topics with articles.

 

Let me know if you still have questions or concerns about QBSE expenses. I'm more than happy to assist some more. Take care and have a great weekend.