Car Insurance deduction

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • lbarthell
    Junior Member
    • Feb 2015
    • 18

    #1

    Car Insurance deduction

    My client is a Door Dash driver and have a 1099-NEC is his car ins. payments a deduction.
    Thanks on sch C
  • Lion
    Senior Member
    • Jun 2005
    • 4699

    #2
    If he's taking actual expenses instead of the standard mileage rate, then his business percentage of all his vehicle expenses, including insurance, would be a deduction. You can compare actual vs standard and use the most favorable each year IF he used the standard mileage rate the first year his car was placed into business service. If he used actual expenses his first year, he continues with actual for the life of that vehicle. See TTB 10-1, in fact read all of chapter 10 to brush up on deducting car expenses.

    Comment

    • lbarthell
      Junior Member
      • Feb 2015
      • 18

      #3
      Thank you!!

      Comment

      Working...