Under the ride sharing expenses can i use my car insurance payments under the business insurance expense

[DawnC0 · Accepted solution]

You can claim your insurance expense under ''Business Insurance'' if you have commercial car insurance, not normal personal auto insurance which goes under ''Vehicle Expense''.  The Business Insurance category is for liability, healthcare, or commercial insurance for your business.

You can claim the business portion of your car insurance expense if you use the 'Actual Expenses' method to calculate your vehicle expense.  With the actual expense method, you must keep track of all your work and personal mileage, and all your car expenses (gas, oil changes, tires, other maintenance and repairs, depreciation and insurance).  Then you can deduct the percentage of actual expenses that is your percentage of work mileage.

If you use the standard mileage rate, that rate already includes allowances for all your car expenses (insurance, gas, repairs, insurance etc.) and you can't deduct it again separately.

[rossfrancom]

In addition to my regular/personal auto insurance I have separate ride share insurance, can that separate policy be claimed as a deduction if I use the standard deduction for my personal auto insurance?

What other deductions might I use for ride share?

[xmasbaby0]

@rossfrancom

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