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Deductions & credits
I am a Uber driver. Can you clarify for me what can I deduct as far as insurance premium? I understand that Uber carries Insurance coverage for drivers with a $1000.00 deductible. Using actual expenses do I still deduct an amount equal to the percentage of business use? If my premium is $1600/year and I use the car 47% for business do I deduct $752?
Thank you for you reply My email is [email address removed]
Ralph
May 5, 2021
4:58 PM