4562 Auto Expense

[Dave T]

T/P normally takes auto expense on line 9 of Schedule C but this year he purchased depreciable asset and needs to file form 4562. I believe I now need to show standard mileage on the form as well. but when I go to part V of 4562 , line 24 I don't see where the input screen is. What am I missing besides my brain at this stage of the game?

Thank you

[Margaret CPA in OH]

If you are using ATX, page 2, Part V, Section 5. In Fixed Assets listing, add Vehicles in Category and complete the other fields appropriately.  One of the tabs will be Auto/Listed Information with all the same questions as you know or you can choose Standard Mileage with all that data needed.  Pretty easy, actually.

[Dave T]

Thank you Margaret