How do I enter a new trip? (Rental Property)
What if there are trips you make repeatedly? If the mileage is the same, the location is the same, the car is the same, you don't need to enter a new trip every time. Instead, you can enter several similar trips by copying a trip, pasting it into the Vehicle Mileage Tracker, and editing the trip to make any necessary modifications (for example, the date).
- Click the Rental Property tab.
- Click the Add Transactions and choose Mileage Tracker.
- If this is your first trip, simply start entering information. If it isn't your first trip, select an empty record and then enter information.
- Enter the trip start and end dates, or select them from the pop-up calendars provided.
- In the Trip Type list, select the type of trip.
- In the Property Name field, enter the rental property the trip is for.
- In the Purpose field, enter the purpose of the trip. (Optional)
- In the Start Location field, enter the starting location.
- In the Destination field enter the trip destination. (Optional)
- In the Vehicle Used field, enter the vehicle you used. (Optional)
- In the Parking & Toll field, enter the total paid for parking and toll charges, if any. (Optional)
- Enter odometer readings for the start and end of the trip or a value for total miles traveled. You cannot enter both odometer readings and total miles traveled.
- Click Enter Trip.
Notes
- Whether you can deduct mileage from your taxes sometimes depends on whether the deductible amount has reached a certain percentage of your adjusted gross income. Before deducting mileage costs based on information from the Vehicle Mileage Tracker, check with your tax professional.
- Quicken includes tax-deductible mileage categories in your Quicken Category List. These categories begin with the prefix "_Mileage." They already have the correct tax schedule line items associated with them and are set up for easy import to TurboTax. Don't edit or delete these categories.
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