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Mileage deduction for business

I sold a vehicle in 2020 I was using for business and personal use. When I indicate in Turbo Tax that I stopped using the vehicle in 2020, it later asks me if I own the vehicle. I did own it when I was using it and I imagine I can therefore deduct the mileage from the time I used it for my business. It's not clear to me if the question refers to ownership at this moment, or ownership before I sold it. If I choose that I don't own it, it says I can't use the standard-mileage method. Please advise what the correct option is here.

2 Replies
Expert Alumni

Mileage deduction for business

Answer YES that you owned the car.  It is asking about the ownership during the time you used it for business (before you sold it).  If you don't or didn't own or lease the car, you would only be able to claim actual expenses such as car rental fees, gas, tolls, etc.   The standard mileage rate includes a depreciation component which you are not eligible to take if you do not own the depreciable property.  

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Level 13

Mileage deduction for business

@PesqAna wrote:

I sold a vehicle in 2020 I was using for business and personal use. 



TurboTax is NOT set up to sell an asset (such as a vehicle) that varied in business percentage from year to year.  Assuming that applies to you, do NOT report the sale in the vehicle section.


You would tell the vehicle section you converted it to personal use, then MANAUALLY calculate things and enter the sale in the "Sale of Business Property" section.

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