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posted Jun 7, 2019 3:39:25 PM

Schedule c what does "less than 5 at a time" mean?

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1 Best answer
Level 9
Jun 7, 2019 3:39:26 PM

Did you have five different vehicles (a fleet) you were using for your business?  If you own or lease five or more cars that are used for business at the same time, you can’t use the standard mileage rate for the business use of any car. 

1 Replies
Level 9
Jun 7, 2019 3:39:26 PM

Did you have five different vehicles (a fleet) you were using for your business?  If you own or lease five or more cars that are used for business at the same time, you can’t use the standard mileage rate for the business use of any car.