You'll need to sign in or create an account to connect with an expert.
Yes, you should divide the vehicle expenses in half if you use your vehicle 50/50 for each business. You can also use any other appropriate percentage rate.
You can only deduct mileage if you keep a written log of your miles otherwise you can't deduct mileage. Per IRS, you have to have adequate evidence. See https://www.irs.gov/publications/p463/ch05.html .
The IRS considers adequate evidence as a log of "who, what, when, and where" which may include the following:
If you are self-employed (Schedule C), enter/edit your vehicle's mileage:
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
1NY69
Level 1
DFS1
Returning Member
mlkelly
New Member
mlinsky4941
Returning Member
megs-jesuscowgir
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.