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Category: Where Do I Enter....In The Tax Program

Inputting Actual Expenses

Actual expenses include the cost of gas, oil, repairs, insurance, and depreciation on a vehicle. If you use your car for business purposes, you ordinarily can deduct expenses related to the car or truck. To determine the amount of car and truck expenses that can be included in actual expenses or the total business expenses reported on Schedule C, Schedule C-EZ, Schedule E or Schedule F you must use on of the following two methods:

  • Standard mileage rate
  • Actual car expenses

NOTE: If you use actual expenses to figure your deduction for a car you lease, there are rules that affect the amount of your lease payments that you can deduct.

Armed Forces members who use their own vehicle to travel for work are entitled to deduct actual expenses or the standard mileage rate to figure the deductible costs of operating their vehicle for business purposes.

Select the links below to show/hide additional information:

To Report Actual Expenses On Form 2106


To Report Actual Expenses For A Reservist On Form 2106


To Report Actual Expenses On Schedule C


To Report Actual Expenses And Depreciation For An Asset On Schedule C


To Report Actual Expenses On Schedule E


To Report Actual Expenses And Depreciation For An Asset On Schedule E


To Report Actual Expenses On Schedule F

Related Links:

IRS Publication 463

Tax Topic 510 - Business Use of Car