Edgar1
New Member

My business has a 5th car this year. The total mileage deduction for 4 of them is far better than actual expenses for all 5. Do I HAVE to claim the 5th car for business?

I'm aware than when you claim 5 or more vehicles for a business, you must calculate actual expenses -- You can't take the mileage deduction.

This is probably a bit unique, because we put a LOT of miles on the cars but they just don't cost very much to maintain.  In my case the mileage deduction is a pretty good deal.  So much so that I would be better off taking the mileage deduction for only 4 vehicles than taking actual expenses for 5.

The question is: Although all 5 vehicles were actually used for business, is it legal to simply not claim one of them as a business asset, to my advantage?