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Virginia – Schedule FED

Virginia Schedule FED is generally required when a Schedule C business includes a vehicle expense/mileage deduction (car and truck expenses) that requires federal line-item detail to be reported on Schedule FED. The appropriate expense amounts and other information entered in the Federal Q&A section for Schedule C will automatically flow to Schedule FED.

If you have a car or truck expense entered on Schedule C, use the following steps to add your Virginia Schedule FED information in TaxAct:

TaxAct Online

  1. From within the TaxAct return, navigate to the State tab from the side menu.
  2. Click Virginia under the State tab to access the Virginia Quick Q&A Topics screen.
  3. Click Other Topics to expand the category and then click Schedule FED.
    • NOTE: that this option will not appear unless a car or truck expense has been entered on federal Schedule C.
  4. Select the appropriate locality option.

Desktop

  1. From within the TaxAct return, navigate to the Q&A tab via the menu bar at the top of the program.
  2. Click Tools and select Topics Assistant from the dropdown list.
  3. Navigate to the Summary portion of the California return and click Review Q&A Topics to access the Virginia Quick Q&A Topics screen.
  4. Click Other Topics to expand the category and then click Schedule FED.
    • NOTE: that this option will not appear unless a car or truck expense has been entered on Federal Schedule C.
  5. Select the appropriate locality option.