HelenC12
Expert Alumni

Deductions & credits

Tax law requires you should keep a log of your business miles or actual expenses in order to deduct them. If you didn't keep track of your miles, you can try and recreate your mileage as best you can with verifiable documents.

 

Mileage is an allowable deduction if you’re self-employed or own your own business.

  • You can choose between the standard mileage rate or the actual cost method where you keep track of what you paid for gas and maintenance.
  • To use the standard mileage rate, you must keep a log of each trip with miles driven during the first year your vehicle is used for business. After that, you can either go with standard mileage or actual cost (unless you lease, in which case you must stick with standard mileage for the duration of the lease).

 

Here are some resources to help you: 

 

To enter your Uber income if you didn't receive a form, see: How do I enter income from Uber or Lyft when I didn’t get a Form 1099 this year? 

 

If you received form 1099-NEC or form 1099-MISC, to enter the form, see Where do I enter a 1099-MISC? 

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