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Deductions & credits
You cannot use the standard mileage deduction (of 50 something cents) for Turo. That deduction is only for Lyft/Uber drivers and mileage deductions if you own a business. Turo is not considered as ride sharing but rather as "car rental". For Turo income, you can only claim the expenses for maintenance, repairs, car washes, car cleaning. But i am not sure if you could claim the miles you put on the car when you drop off the car or pick up from a renter, or the miles you put to take it to carwash.
March 12, 2020
6:12 PM