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February 21, 2025
Question

what does Vehicle Basis must be entered on car & truck expense worksheet mean?

  • February 21, 2025
  • 1 reply
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I am doing a Schedule C and came across an entry for vehicle basis must be entered but I am not sure what turbo tax is asking for (it appears to be a number)

    1 reply

    February 21, 2025

    The basis is the cost of the vehicle. This should be how much you paid.