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Deductions & credits
There are two ways to take a deduction for the business use of your car:
- Deduct the actual expenses of operating the vehicle for business, including gas, oil, repairs, insurance, maintenance, and depreciation or lease payments.
- Take the standard IRS mileage deduction. As of 2017, the rate is 53.5 cents per mile driven for business use.
If you use your car for both ride-sharing and personal transportation, you can deduct only the portion of your expenses that apply to the business use.
Where do I enter my Uber or Lyft expenses? https://ttlc.intuit.com/replies/5370677
‎June 3, 2019
1:05 PM