Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 4, 2019 12:29:50 PM

Where do I put down auto insurance premiums for a car I use only for business?

I drive for Uber, so I am self-employed, and the car I use, Iuse solely for Uber. Can I put the insurance premiums for the auto under BUsiness Insurance?

0 5 3113
1 Best answer
Level 9
Jun 4, 2019 12:29:52 PM

If you are an Uber driver you can deduct your car expenses in one of two ways - either a flat rate per mile driven (currently 53.5 cents per mile), or deduct actual expenses.  You can't do both.  If you choose to deduct actual expenses, insurance is line 15 on Schedule C.  If you take the flat rate, you do not include it anywhere.

EDIT:  If you want to deduct insurance on a vehicle when deducting actual vehicle expenses, they are included on Line 9 of Schedule C, not Line 15.  You enter all your vehicle expenses on the Car and Truck Expenses Worksheet, and totals are carried over to Line 9.  My mistake.

5 Replies
Level 15
Jun 4, 2019 12:29:51 PM

In the common business expenses section specifically labeled "insurance".

Level 9
Jun 4, 2019 12:29:52 PM

If you are an Uber driver you can deduct your car expenses in one of two ways - either a flat rate per mile driven (currently 53.5 cents per mile), or deduct actual expenses.  You can't do both.  If you choose to deduct actual expenses, insurance is line 15 on Schedule C.  If you take the flat rate, you do not include it anywhere.

EDIT:  If you want to deduct insurance on a vehicle when deducting actual vehicle expenses, they are included on Line 9 of Schedule C, not Line 15.  You enter all your vehicle expenses on the Car and Truck Expenses Worksheet, and totals are carried over to Line 9.  My mistake.

Level 9
Jun 4, 2019 12:29:54 PM

If you drive a lot for Uber, in most cases the Standard Mileage Rate will have the best long-term results.

Level 15
Jun 4, 2019 12:29:55 PM

OP's other post asks about deducting the purchase price of the vehicle itself.

Level 15
Jun 4, 2019 12:29:57 PM

I *think* I saw that, and if it wasn't me that posted it, then it did get posted by someone that all vehicle stuff is reported in the Business Vehicle Expenses section.