Babak
Level 3
04-13-2023
08:54 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
My client leased a car under the name of his business (schedule C). I entered all expenses under "Direct Expense" but the lease payments don't show up in Schedule C, only Gas and Insurance are showing in Schedule C. How can I make changes so around 8000 lease payment is deducted from the income?
Best Answer Click here
Labels
TaxGuyBill
Level 15
04-13-2023
09:39 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
You've looked at line 20a of Schedule C, right?
Babak
Level 3
04-13-2023
09:50 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
yes
George4Tacks
Level 15
04-13-2023
07:00 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
What part of the program are you entering these expenses?
Are you using the 2106 and linking it to Schedule C?
Answers are easy. Questions are hard!