Mileage expenses on personal vehicle in addition to a business vehicle
Mileage expenses on personal vehicle in addition to a business vehicle
I own a business vehicle titled in name of business and deduct actual expenses like maintenance and gas in proportion to the usage for business purposes ( which is the majority with occasional personal use). I sometimes also use my personal vehicle for business purposes as it is a smaller vehicle and gives me better mileage (per gallon). Can I deduct the IRS mileage rate for the business miles on personal vehicle in addition to actual expenses related to my business travel on the business vehicle ?
Re: Mileage expenses on personal vehicle in addition to a business vehicle
I believe the answer is yes. If you use both vehicles for business and meet the criteria for deduction then I see no problem.