Microsoft KB Archive/873277

= How to use vehicle mileage to track Schedule C vehicle expenses in Money =

Article ID: 873277

Article Last Modified on 7/29/2004

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APPLIES TO


 * Microsoft Money 2003 Deluxe and Business Edition
 * Microsoft Money 2002 Deluxe and Business Edition

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INTRODUCTION
This article describes how to use vehicle mileage, instead of actual expenses, to determine your Schedule C vehicle expenses in Microsoft Money.



MORE INFORMATION
To use vehicle mileage to determine your Schedule C vehicle expenses in Microsoft Money, configure Money to use the standard mileage rate. To do this, follow these steps:
 * 1) On the Reports menu, click Reports Gallery.
 * 2) Click Business, click Taxes, and then double-click Schedule C Report.
 * 3) Click Customize, click Take the standard mileage rate, and then click OK.
 * 4) Click Home, click Business in the Choose a view box, and then click Record mileage for a trip.
 * 5) Click New, type the information for the trip, and then click Done.
 * 6) Click Mileage Rates, type the mileage rate according to current Internal Revenue Service rules in the Mileage Rate box, and then click OK.
 * 7) Click Reports, click Reports Gallery, click Business, click Taxes, and then double-click Schedule C Report.

Verify that your vehicle mileage expenses appear in the Schedule C Report.

Keywords: kbhowto KB873277

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