Every record a CPA needs from a Turo fleet, on one page you can print: what came in, each car, what it cost, the miles, the hours, and the questions worth asking. I ran 22 cars for four years. This is the list I wish I had on day one.
No card, no trial, no call. The checklist is a web page you can print or save as a PDF.
What's on it
Eight sections, each a list you tick off. Bring it to your CPA, or send it ahead.
What came in. Your Turo earnings export, the 1099-K, and why those two numbers almost never match.
Each car. The dates and papers your CPA needs per vehicle, including the one date most hosts get wrong.
The loan. Why the interest and the payment are different numbers, and which one your CPA wants.
What it cost to run. Every expense line, per car, so nothing is left out.
Miles and use. The record that scales your deductions, and why it has to be kept as you go.
Hours. The time log that can decide whether a loss counts against your other income.
Last year and this year. Prior returns, quarterly payments, retirement contributions.
Questions to ask. Eight questions to bring to the meeting, written so a CPA can answer them fast.
Who wrote this. Maurice Goring — 22 vehicles over four years, and a W-2 job the whole time. Every tax season I rebuilt this list from scratch. Then I built Fleconomy so the numbers on it come out of the Turo export instead of a shoebox.