- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How does Uber driver calculate car value depreciation for tax deduction purpose?
My understanding is as a uber driver, I could either take standard mileage rate deduction or actual expense deduction, on top of either one I can also deduct car value a portion of depreciation (for me it's 2 out of 7 days) which could be $1000 a year for a car around $47k, my question is how can I calculate the car deprecation? Should I just go to KBB and simulate them by miles increase etc. ?
Topics:
May 31, 2019
7:19 PM