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Deductions & credits
Yes, as long as they were used ONLY for business and had NO personal use.
For example, if the vehicle was driven 2,000 miles total, and 1400 was for business A and 600 was for business B, the way you suggest to enter mileage would be correct.
If, on the other hand you ALSO use it for for personal use, and you drove 2,000 miles, 1000 personal, 700 for Business A and 300 for business B, your business A use would be 35% and Business B would be 15% which would be relevant for prorating actual costs, depreciation, and for the gain or loss you would report when that vehicle is sold.
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‎April 3, 2023
6:07 PM