You'll need to sign in or create an account to connect with an expert.
As a business owner or self-employed individual, you can enter either the standard mileage rate or the actual cost method, which tracks what you paid for gas and maintenance.
To use the standard mileage rate, you must keep a log of each trip with miles driven during the first year your vehicle is used for business. After that, you can either go with standard mileage or actual cost (unless you lease, in which case you must stick with standard mileage for the duration of the lease).
To enter vehicle related expenses:
The
vehicle expenses have a series of questions and you can choose to use either a
cost per mile or use the actual costs for the vehicle (including gas) and the
next page has tolls and parking. There are more expense categories on the Add
Expenses page if you click on the blue triangle next to Less
Common Expenses for legal and professional fees, commissions
and much more.
click here for more tax tips for drivers
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
discover98
New Member
BobK59
Level 2
Saintjames18
Level 2
carolynpaine
New Member
Irasaco
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.