Miles or Actual Expenses

[americantax]

I wanted to confirm if the tax payer opts for the Miles that we can also depreciate the vehicle. The tax payer is a Realtor and only has one car. Thank you.

[Roland Slugg]

No. It's one or the other. In fact approximately one-third of the SMR includes a depreciation factor.

[americantax]

No. It's one or the other. In fact approximately one-third of the SMR includes a depreciation factor.

Thank you, I was looking at a 2013 tax return and they had the miles and the depreciation, that's why I wanted to confirm.