topic Re: actual expense method in Deductions & credits

actual expense method

kare2k13 — Sun, 16 May 2021 18:49:50 GMT

How do I know if I used actual expenses method before? the "note" states if you used it the first year, you MUST use that method the entire time you use the vehicle for business.

Re: actual expense method

Mike9241 — Sun, 16 May 2021 18:58:58 GMT

you'll have to go back to the return for the year when you first reported the vehicle

Re: actual expense method

kare2k13 — Sun, 16 May 2021 20:36:10 GMT

Thanks, but when I open that file, how do I find that information?

Re: actual expense method

AmyC — Mon, 17 May 2021 19:39:29 GMT

If you have mileage claimed, it was standard. If you see a list of gas, oil, repairs, etc, it was actual.

Re: actual expense method

kare2k13 — Mon, 17 May 2021 21:53:14 GMT

Thanks SO much, Amy ... have a great rest of the day and week ... stay safe and healthy!! k