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Needing clarifying information regarding my rideshare business...
I operated a rideshare business for a portion of 2024, in Nevada. This was my third year operating the business. I am taking the standard mileage deduction (as I did in year 1 and year 2). My understanding of the standard mileage deduction is that I cannot deduct expenses like the garage rental for my rideshare car, cell phone costs, etc. However, the TurboTax software allows me to add all of my expenses in addition to my miles and says everything looks good. Am I incorrect with what the standard mileage deduction includes? Thank you. Sending good energy your way.
‎April 1, 2025
7:10 AM