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Level 3
June 1, 2019
Solved

If I pay 30K for a new car and 50%+ of it for landlord duties, can I claim 15K (50% of the car value) instead of mileage deduction on my taxes next year?

  • June 1, 2019
  • 1 reply
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    Best answer by Leonard11_2

    No, you can not claim 50% of the car purchase price as a deduction on next years taxes.  You can only use either of the mileage deduction methods.  In 2020, you can write off 57.5cents for every business mile or use the actual expense method.

     

    [Edited 03/10/2020 | 2:16 pm PDT]

    1 reply

    Level 10
    June 1, 2019

    No, you can not claim 50% of the car purchase price as a deduction on next years taxes.  You can only use either of the mileage deduction methods.  In 2020, you can write off 57.5cents for every business mile or use the actual expense method.

     

    [Edited 03/10/2020 | 2:16 pm PDT]