DianeW777
Expert Alumni

Deductions & credits

Yes.  The steps to enter your vehicle are shown below.

For self-employment purposes follow these steps to enter your vehicle for your business.

  1. Down the left side, click Federal.
  2. Click on Wages & Income.
  3. Under Your income, click on Edit/Add to the right of Self-employment income (or business income).
  4. Click on Edit next to the business name.
  5. To the right of the vehicle expenses, click Edit.
  6. Under Vehicle Summary, click Edit to edit the entries.  Click Delete to delete the entries. 

The standard mileage rate for 2020 is 57.5 cents per mile.  Keep in mind that you must use the standard mileage rate the first year a vehicle is placed in service or you can never use it again for that vehicle.

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