Schedule C Auto vs Actual

[CindyAB]

In a previous business in 2005 I claimed my auto on schedule C and use the actual expense deduction. Fast forward to 2020, I am using that same vehicle but in a different business. I would like to claim the actual mileage since it will be more than the actual expenses. Is this possible? Or do I have to stick with the actual expense deduction?

I thought of a possible workaround:   Could the C-Corp buy the vehicle from me and therefore the date placed in service would be this year for the C-Corp and then claim the mileage deduction. Is this possible?

if so, how would I go about the sale since it is in my name?  Any other ideas?

[AmeliesUncle]

No, you are stuck with the actual expenses.

No, a corporation can only claim actual expenses.  It is not allowed to use the Standard Mileage Rate.

If you have a corporation, you REALLY should be consulting with a tax professional.  Corporate taxes are not really a do-it-yourself kind of thing, unless you enjoy audits and paying extra taxes and penalties.

[CindyAB]

My error in stating a C-Corp.  I meant to say Sch-C.  This is a sole proprietor business.  Any workaround to the vehicle ownership issue?  What if I sold yo a family member and bought it back?  Can I claim mileage then?

[AmeliesUncle]

Nope, there is nothing you can do, other than buying a different automobile.