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???

779

Returning Member

Apr 2, 2020 12:24:36 PM

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.

Expert Alumni

Apr 2, 2020 12:38:10 PM

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.

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Uber Driver Financed Vehicles can't use mileage deduction?