1395314
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Gb1123
New Member

Uber Driver Financed Vehicles can't use mileage deduction?

I filed today in TurboTax , my vehicle is financed through a bank , the only options were Lease , Own, Don't Own . I don't own the vehicle a bank does , I clicked the help articles and it said if the vehicle is financed can't claim mileage because I do not own it. I ended up doing the maintenance deductions but I can't find anything else that supports this???

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
mpalmer48
Returning Member

Uber Driver Financed Vehicles can't use mileage deduction?

Who is the registered owner on the registration. If you, you own the vehicle. If you are buying it, and make payments, you are the owner. If you lease it through Uber/Lyft I'm not sure.

ThomasM125
Expert Alumni

Uber Driver Financed Vehicles can't use mileage deduction?

If you lease the vehicle, you can deduct a portion of the lease payment plus the gas and maintenance expenses, but you can't use the mileage allowance.

 

If you are not leasing it, then you can take the mileage allowance or deduct the actual expenses.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question