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Business & farm
No, you are stuck with the actual expenses.
No, a corporation can only claim actual expenses. It is not allowed to use the Standard Mileage Rate.
If you have a corporation, you REALLY should be consulting with a tax professional. Corporate taxes are not really a do-it-yourself kind of thing, unless you enjoy audits and paying extra taxes and penalties.
‎July 12, 2020
8:40 AM