Yes, you can report the vehicle for both activities and split actual expenses between the two businesses. However, you should enter the vehicle only once for depreciation.
Your other option is to report all the auto expenses on one business (ex: Schedule C). Then add a miscellaneous expense for "auto expenses transferred to Schedule E" with a negative amount. On the Schedule E business, add a miscellaneous expense for "auto expenses transferred from Schedule C" with a positive amount.
Keep good records to prove how the vehicle was shared between the two activities.
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