Kotor
New Member

Turo Car Share

I have a small amount of income from the Turo car share platform. Note that it is like AirBnB for cars, not a gig platform like Uber / Lyft.  It was not enough income to qualify for a 1099-K partnership statement.  I plan to report as Schedule C self-employment income.  Since the vehicle is my primary depreciable asset in this "business", would you recommend I take the standard milage deduction using miles driven by guests, or the actual expenses method?

Thanks!