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
- From within the TaxAct return, navigate to the State tab from the side menu.
- Click Virginia under the State tab to access the Virginia Quick Q&A Topics screen.
- 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.
- Select the appropriate locality option.
Desktop
- From within the TaxAct return, navigate to the Q&A tab via the menu bar at the top of the program.
- Click Tools and select Topics Assistant from the dropdown list.
- Navigate to the Summary portion of the California return and click Review Q&A Topics to access the Virginia Quick Q&A Topics screen.
- 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.
- Select the appropriate locality option.