james6
Level 1
07-22-2020
12:58 PM
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Vehicles in excess of 6,000 lbs which does not lend itself to personal use (qualified non-personal use vehicle) are not listed property per instructions for 4562. There is no other need for a 4562 in this return. If one vehicle is listed in the "Vehicle/Emp.BusExpense" section under "Deductions" the result goes to Schedule C page 2 where it belongs. This client has two qualified non-personal vehicles he uses in his construction business, so when the second is entered it goes to page 2 of 4562 where it does not belong.