turbotax icon
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

New Member

Business car actual expenses for ev care

I have an ev car I use for business and personal use.  I want to do actual expenses rather than per mile calculation so I can include lease and car insurance expenses.  How do I figure (charging cost/fuel costs?  And once calculated do I put it in gasoline section on turbo tax?

This feature is pending. Thanks for your patience.
Didn't get the answer you wanted? Talk to a live expert to get the help you need.
2 Replies

Business car actual expenses for ev care

You need a reliable method that you can reduce to writing, as some kind of log book or diary.  I don't know what that would be for EV use.  Certainly if you use a commercial charge station that costs money, you will have a receipt.  For home charging, you can get your electricity rate from your utility bill, but how would you reliably determine how much you are being billed?  Does your charging station have a separate meter?  Could you get one installed after-market?  Otherwise, you would have to know that Monday you used 100kWh, Tuesday 80kWh, Wednesday 50kWh, and so on, for the entire year (365 days of charging).  And of course, your electric rate may change day to day or even at different times of the day, if your utility has demand pricing.  


Remember that with the actual mileage method, you track all your business and personal miles for the year, and you track all your vehicle expenses, and you take the percentage.  The IRS does not have to allow any deduction that you can't prove with adequate, reliable records.


Also, remember that the standard mileage rate includes allowances for fuel, maintenance, repairs and depreciation.  It may not be so far off after all, and it's a lot easier to administer, since you only need a mileage diary and not also an expense diary. 

*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*

Business car actual expenses for ev care

when you say business use, if that's as an employee (you get a W-2), none of the expenses are deductible.  self-employed is ok and in case you are an employee of a business you control like an S or C Corp a business reimbursement policy is needed it is the corporation that gets the deduction.

and there are special rules in the case of an S-Corp


message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies