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Peter-G-Lawrence
New Member

TOTAL MILEAGE? for a vehicle used in a business. Mileage used during that time, or the total mileage at the end of the year?

 
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Andy_F
New Member

TOTAL MILEAGE? for a vehicle used in a business. Mileage used during that time, or the total mileage at the end of the year?

TurboTax asks for both the total mileage as well as the business mileage in order to calculate the % that a car was used for business purposes using the 'Actual Cost' method.

If the business percentage of your actual cost method produces a deduction that is lower than the standard method, then the standard method will be used instead (business mileage only).  


IRS Guidance:  https://www.irs.gov/uac/2017-standard-mileage-rates-for-business-and-medical-and-moving-announced

Helpful Examples:  https://turbotax.intuit.com/tax-tools/tax-tips/Self-Employment-Taxes/Standard-Mileage-vs--Actual-Exp...


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