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Level 1
posted Apr 1, 2020 11:32:45 PM

filing taxes for lyft and uber while i drove son's car and a leased car

I drove son's car and then I leased a car. How do I file?

0 1 534
1 Replies
Expert Alumni
Apr 2, 2020 10:08:32 AM

You will be filing as a small business.  I recommend that you use the Standard Mileage option to be compensated for the miles.  Since this is a fixed rate you can choose either vehicle and get the appropriate compensations. 

 

You will have to determine and document the number of miles you drove while working and also approximate the total miles you drove for the year.