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Lucas260288
Level 1

Allowable and dissalowable similar transactions Quickbooks Selfemployed

Noticed on my tax return that my fuel expenses have been catagorised as both allowable and dissalowable? I cant see there is a difference in transaction level between the ones that are allowable and the ones that are not? Please assist.

3 REPLIES 3
RenjolynC
QuickBooks Team

Allowable and dissalowable similar transactions Quickbooks Selfemployed

Hello there, Lucas260288.

 

QuickBooks Self-Employed follows the simplified method, which is based on your total miles tracked.

  • Total miles tracked – Allowable
  • Car/Van expenses – Disallowable

When you click the allowable expenses, you will also see the gas and fuel. However, it only reflects the total for the travel expenses.

 

Please check this article as your reference: Simplified expenses if you're self-employed.

 

Don't hesitate to comment if you have any additional questions or concerns. Thanks.

CazB1
Level 1

Allowable and dissalowable similar transactions Quickbooks Selfemployed

How do I make the expenses allowable as I am pulling in from previous years accounts and I have not allowed tracking of mileage previously.

John C
QuickBooks Team

Allowable and dissalowable similar transactions Quickbooks Selfemployed


Hi Caz

 

As you are using the mileage tracker/mileage tracker has been activated you will have to enter these transactions as the category Travel expenses.

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