I am using the Uber fuel card and these charges are listed on the front page of their tax summary in the expenses, fees and tax section. If I deduct this whole section on the Schedule C as an expense and also take the standard mileage deduction, isn't this wrong as it amounts to a double deduction? By the way, I am using Turbo Tax thru Uber so it is free for me.
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No, you can deduct 53.5 cents per mile or actual vehicle expenses (ie. gasoline. oil, tires, repairs maintenance, insurance) prorated for business miles-but not both.
If you claim the standard mileage rate in year one for this vehicle, you will have the option of deducting the standard rate or actual expenses in subsequent years. If you claim actual vehicle expenses in year one, you must choose actual expenses in every subsequent year for that auto.
No, you can deduct 53.5 cents per mile or actual vehicle expenses (ie. gasoline. oil, tires, repairs maintenance, insurance) prorated for business miles-but not both.
If you claim the standard mileage rate in year one for this vehicle, you will have the option of deducting the standard rate or actual expenses in subsequent years. If you claim actual vehicle expenses in year one, you must choose actual expenses in every subsequent year for that auto.
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