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February 23, 2021
Question

How to claim 2 cars used for business during the same year

  • February 23, 2021
  • 1 reply
  • 0 views

Two cars were used for business (rideshare/delivery driver) during 2020.  The 1st car was sold a couple of months into the year (this car was also used in previous years).  A second was then bought and used for the remainder of the year.  Should the miles/expenses for both cars be added and entered all together in schedule c or should the expenses be entered as separate items?   The standard mileage option is being used.

1 reply

February 24, 2021

No, you should not add the mileage/expenses for both cars together. There are specific details that must be provided for each auto, even if you are using the standard mileage deduction.