QB SE is using the miles method of calculating car expenses, How do I switch to actual expense method so that it displays actual expenses for expenses?

Answer

You can deduct the cost of mileage and actual vehicle expenses in QBSE, beowolf842.

There are two ways in calculating your expenses for your vehicle: 

  • The standard mileage rate method
  • The actual expenses method

The standard mileage rate method - Based on the miles you've driven for business. This will be used when calculating your quarterly estimated taxes. The mileage rate deduction for 2019, as per the IRS, is $0.58 per mile. Here’s more information on this using the mileage deduction in automatic mileage tracking article. 

The actual expenses method are the actual vehicle expenses. These are transactions that you've categorized  as Schedule C Car and truck. This information will be used when filing your annual taxes

See QBSE Annual Taxes Guide article for detailed instructions about preparing your taxes. 

Keep me posted about how it goes and if you have follow up questions with your vehicle deductions, by leaving a comment below. I'm always glad to help in any way I can. Have a great rest of the day. 

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IntuitMaryJoy , Community Support Specialist
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