Yes, you will be able to deduct a portion of your vehicle miles that relate to your business use of your vehicle.
Please
refer to this IRS link for more information of transportation costs related to business expenses:
https://www.irs.gov/publications/p463/ch04.html.
If you are self-employed and are considered an independent contractor, you will be able to deduct these business expenses under the business section in TurboTax.
Please refer to this
IRS link for more information about business expenses:
https://www.irs.gov/publications/p334/ch08.html#en_US_2014_publink1000313521
To enter business income and related expenses into TurboTax Online or Desktop in TurboTax Home and Business, please follow these steps:
- Once you are in your tax
return, click on the “Business"” tab
- Next click on “I’ll choose
what I work on” (jump to full list)
- Scroll down the screen until
to come to the section “Business Income and Expense”
- Choose “Profit or Loss from
Business ” and select start/revisit/update.
- If your business is already
listed, choose to "edit"
- You will eventually get
to a screen titled "Your () Business"
- Scroll down to Business
Expenses and select "Other Common Business Expenses".
(screenshot #1)
- For any expenses not listed, you can enter these as other miscellaneous expenses.
- Select "Other
Miscellaneous Expenses" and enter the type of expense and
the amounts here. (screenshot #2)
