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?
You'll need to sign in or create an account to connect with an expert.
Yes, you can claim standard mileage on one vehicle and claim actual expenses on another.
Thank you!
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.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
myn7055
Level 1
BillMc
Level 2
rcniegos
New Member
TaxGal7
New Member
kjsommer67
Returning Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.