T1
472 Vehicle expenses
Why is DT Max prorating current-year motor-vehicle leasing costs reported on line 36 of part 3 of the TP-59?DT Max should not prorate this amount since the proration, based on the percentage of use for employment purposes, is calculated on line 29 of the TP-59, and applied to all motor-vehicle expenses on line 39. As a workaround, please follow these steps:1. Select the Total lease charges in the current year option under the Leasing-Cost keyword. 2. Use Alt-J to enter a different amount of leasing costs for Quebec. This grossed-up amount should be equal to the leasing costs divided by the percentage of use for employment purposes, calculated on line 29 of form TP-59. Example: Percentage of use for employment = 75% Motor-vehicle leasing costs (federal): $6,000 Quebec leasing costs (Alt-J): $8,000 ($6,000 / 75%). |