NicoleU
New Member

Business & farm

Yes, however if you plan to use the standard mileage rate for a car you own, you must choose to use it in the first year the car is available for use in your business. Then, in later years, you can choose to use the standard mileage rate or actual expenses.

For more information, please click this IRS link: https://www.irs.gov/taxtopics/tc510.html