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mileage deduction and regular vehicle expenses

I have several cars in my business. Do I have to do all of them using the same method, or I can do some of them via mileage deduction and some via regular expenses?

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3 Replies
Vanessa A
Expert Alumni

mileage deduction and regular vehicle expenses

Yes, you can claim standard mileage on one vehicle and claim actual expenses on another. 

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mileage deduction and regular vehicle expenses

Thank you!

mileage deduction and regular vehicle expenses

It depends on the meaning of the word “several.“ If you have five or more cars in service at the same time, you can’t use the standard mileage method for any of them.  Also, there are restrictions on whether or not, and when, you may switch back-and-forth between the two methods, if you wanted to do that. Review IRS publication 463, chapter 4.

 

https://www.irs.gov/pub/irs-pdf/p463.pdf

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