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You can deduct 54 cents per mile or actual vehicle expenses (ie. gasoline. oil, tires, maintenance) prorated for business miles.
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.
To enter vehicle expenses in TurboTax Self Employed:
Type in schedule c in the search box, top right of your screen
Click on the first category Jump to schedule c link
Follow the prompts and online instructions
Arrive at the Your Business page
Scroll down to the Business Expense category
First sub category is Business Vehicle Expense
Click Start or Update to make your entries.
Can i add the total expense of my gas in the package for the Deluxe?
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