1040-US: Using the standard mileage rate for vehicle expenses

Alerts and notices
Leave feedback

Internal Employees: Submit feedback

Contact information (optional):

Leave this blank:

Please tell us how we can make this information more helpful.


Characters left:

Change to CS Support service hours

Our Support department is closed on [[date]]. However, limited UltraTax CS phone support is available on that date from 9 AM - 5 PM ET due to the approaching deadline.

Links to our most popular tax processing topics are available in the Alerts and notices section on the right side of most pages.

Question

I want to use the standard mileage rate. What steps do I follow to enter this information?

Answer

Enter all auto expenses on the Vehicle/Listed tab of the asset. To use the standard mileage rate, click the Standard mileage option in the Additional 1040 vehicle information section. 

Note: By default, UltraTax/1040 optimizes between using the standard mileage rate or the actual costs when determining vehicle costs for current-year vehicles.

Related topic: Automobile expenses FAQs (1040)

Share This