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Bear404
New Member

Do unused business mileage deductions carry forward to next tax year?

I have over $2600 in unused vehicle mileage deductions this year. Do unused business mileage deductions carry forward to next tax year?

2 Replies
Mike9241
Level 15

Do unused business mileage deductions carry forward to next tax year?

can you clarify why you would have such a carryover,  do you report your income on Schedule C or Schedule E?

for schedule C a carryover is unlikley. for schedule e rental it would become part of any passive activity loss carryover

and if you are an employee getting a w-2 the deduction for auto usage has been eliminated for the years 2018-2025

Bear404
New Member

Do unused business mileage deductions carry forward to next tax year?

"why you would have such a carryover"- Not enough income to use the entire deduction for 2020

"do you report your income on Schedule C or Schedule E"-It depends, my business sometimes has Schedule C and Schedule E income, mostly Schedule C.  

Not a W-2 worker.

Thank you.

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