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Can I claim standard mileage deductions on a car I own but didn't purchase or pay taxes on? The title was signed over to me as a gift, so I had reliable transportation.
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Can I claim standard mileage deductions on a car I own but didn't purchase or pay taxes on? The title was signed over to me as a gift, so I had reliable transportation.
Yes, if you used the vehicle for business, you can use the standard mileage deduction on Schedule C.
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Can I claim standard mileage deductions on a car I own but didn't purchase or pay taxes on? The title was signed over to me as a gift, so I had reliable transportation.
Yes, if you own the vehicle, you can claim the Standard Mileage Rate.