Cars use SMR and Actual

[dburd52]

Can a sole proprietor use the standard mileage rate for one auto and actual expenses for another? I can't seem to put my figure on a cite that prohibits this, except my common sense.

[jainen]

your common sense

>>my common sense<<

Go with your common sense. In this business, personal integrity is everything.

[jainen]

in the mood

Anybody in the mood for discussing the role of common sense in our business?

[j2kp0t]

Considering I've run into this same question today, I'm more in the mood to see a discussion of the original post...

[Gretel]

Interesting question. I don't see anything that prohibits SMR if actual is used for one car.

[Luis Mopeo]

Just because you use SMR on one car doesn't mean you can't use actual expenses on another. The rules apply per vehicle, not per business.

[Jiggers]

SMR and actual

Just because you use SMR on one car doesn't mean you can't use actual expenses on another. The rules apply per vehicle, not per business.

I agree, you can use the mileage rate for one, actual for the other. Your client has to keep good tax records to be able to do this.