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Can you deduct and write-off a lease payment if you drive for Uber? (as a business expense)

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560 Driver
 Posted 6 years, 3 months ago

The Guru Take


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    4088 Rider Driver
     5 years ago  (edited 5 years ago)

    However, one caveat. You may only deduct the amount of the lease that is equivalent to the amount of miles/time the leased vehicle was actually used for ride share. You can break that down by one of two ways. Percent of mileage work/personal. Or length of time spent Uber/Lyft vs. personal. If you are out ride sharing, the number of hours you spend vs. the amount of time you make personal runs to the doctor or grocery shopping. The only way the lease is 100% deductible is if you use the vehicle for nothing else and it is parked when not ride sharing.