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vin93786
July 9, 2020
Question

I am an Uber Driver - The car loan interest deduction calculation appears to be incorrect.

  • July 9, 2020
  • 1 reply
  • 0 views
My total 2019 personal and Uber driving was 33,000 miles. My Uber driving miles (from Uber) was 23,124 miles. So my Uber miles are 0.70 of total miles driven. I would think that my deduction should be 0.70 x my 2019 car loan interest.

1 reply

July 9, 2020

maybe.  it could be that the standard mileage deduction is larger than your actual use deduction.  

the standard mileage deduction would be about $13,400 ($ .58 per business mile).  we can't see your return