Your Turo Client's Year, Already Reconciled.
Car-sharing clients tend to show up with a Turo 1099-K that does not match their bank deposits. They have a vague idea of which car earned what. And they have no record, kept at the time, of the hours that decide if their loss can offset wages at all. Fleconomy is the tool your client uses to build those records during the year. It gives you read-only access to them, with no account, no password and no licence fee.
A note on scope. This is a tool for bookkeeping and planning. It is not tax software, and it does not replace your judgment. Every number it works out is an estimate, and it tells clients so. Its job is to cut the rebuild work at the start of an engagement: the part where a shoebox becomes a Schedule C.
The Four Problems a Turo Client Creates
The 1099-K Doesn't Tie
Turo reports gross sales. The client got paid net of Turo's cut (the take rate). And trips near year end fall across two periods. Making the two agree is simple but slow. It is usually done twice: once by the client, badly, and once by you, properly.
Elections Are Per Vehicle
A client may want bonus on one car, MACRS on another and Section 179 on a third. Each may have its own in-service date and business-use percentage. Totals for the whole fleet can't show that. So the detail reaches you as the client's memory of what they think they did.
Material Participation Is Undocumented
The IRC 469 question decides if the loss offsets W-2 wages. That is often the whole reason the client is doing this. Hours pieced together in April are far weaker proof than hours logged in June.
Access Means Their Password
To see a client's data, you usually get their login, an old spreadsheet of unknown date, or screenshots. None of these are good. The first one is a liability.
What You Get, and How
| Item | Available to you | How it arrives |
|---|---|---|
| 1099-K reconciliation | YesGross → net, with bridging items itemized | Read-only view + CSV export |
| Per-vehicle depreciation schedule | YesBasis, in-service date, business-use %, method | Read-only view + print |
| Material participation hours | YesLogged during the year, not reconstructed | Read-only view |
| Schedule C expense categorization | Yes | CSV + print export |
| Quarterly estimates vs. safe harbor | YesPayment history against the target | Read-only view |
| Section 1245 disposition tracking | YesRecapture exposure flagged per vehicle | Read-only view |
| S-Corp election analysis | YesReasonable-salary modelling, state-aware | Read-only view |
| A login or licence for you | Not requiredMagic link, revocable by the client | No account, no fee |
The Positions Your Clients Will Ask About
Turo hosts read a lot of bold advice online. These are the four questions that come up most. Each is stated the way the app states it to clients, so you know just what they have been told.
100% Restored Under OBBBA
Full expensing for qualified property bought and placed in service after January 19, 2025. There is no yearly cap, and it can create a net loss. That loss is usually what clients are after. Clients are told the business-use percentage controls the amount, and that recapture comes when the car is sold.
Why Most Choose Bonus
Section 179 has a cap and cannot create a loss. Any excess carries forward. Bonus has no cap, and it can create a loss. For a W-2 host who wants to shelter wages, bonus is usually the right tool. Clients are told the >6,000 lb GVWR point applies to §179, not to bonus.
500 Hours Is the Common Test
Clients are told plainly: without it, the loss is passive and usually will not offset wages. They are told to log hours as they happen. There are several other tests. The app does not say which one fits a given client.
Roughly $80K–$100K Net Profit
Below that, the costs usually beat the SE-tax savings. Those costs are the $800 California franchise minimum, about $2,400 for payroll service and about $1,500 more in CPA fees. Clients are told it depends on the state, and that you make the call.
Frequently Asked Questions
How do I get access to a client's books?
The client sends you a read-only magic link from inside the app. You do not make an account. You do not need their password. There is no CPA licence to buy. The link opens a read-only view of their fleet, P&L, depreciation schedules and reports. The client can turn it off at any time without changing their own login.
Does the Turo 1099-K tie to Schedule C?
Usually not, and that gap causes more rework than anything else. The 1099-K reports gross sales, but the client got paid net of Turo's take rate. And year-end timing moves trips between periods. The app checks the 1099-K against the trip data it brought in, and lists the gap item by item ahead of time. You see the gross figure, each deduction that bridges the gap, and the trips that fall in a different period.
What depreciation detail is available per vehicle?
It shows the date bought and the basis, the business-use percentage and the method chosen. The method is 100% bonus under OBBBA for property placed in service after December 31 2025, Section 179, or MACRS five-year. Then it shows the deduction for each year. When a car is sold, it flags Section 1245 recapture. Elections are made per car. So a client can take bonus on one car and MACRS on another, and the schedule shows it.
Is there evidence of material participation?
Yes. Hours are logged at the time (contemporaneously), not pieced together at year end. In an exam, that makes a real difference as proof. Claim records are kept the same way. So a damage loss is backed by dated records, not memory.
Does this replace my tax software or my judgment?
Neither. It is where the client keeps books and runs the business. It gives you inputs that already agree and have records behind them. Every figure is an estimate for planning, and the app tells clients so. Elections, positions and the return stay yours. The goal is less rebuild work at the start of an engagement, not less judgment at the end.
What is in the year-end handoff package?
You get costs sorted into Schedule C lines, and a P&L for each car. You get a depreciation schedule for each car, with method and basis. You get the 1099-K match, with each bridging item listed. You get the history of quarterly estimates against safe-harbor targets. Mileage and revenue come as CSV and print files, along with the year's claim records. If the client is weighing an S-Corp election, the analyzer's reasonable-salary model sits beside it.
Go Deeper
See what a reconciled Turo client looks like.
The no-login demo shows the same views your client would share with you: P&L for each car, depreciation schedules and the 1099-K match.
Open the Demo →