For example, let's say you use a friend car. Youre listed on the insurance, do you still get to use the IRS deduction rate?
I would have your buddy agree to lease you the car at a cost of the IRS mileage rate. Document the agreement. Pay your buddy per the agreement. That would be one way to get the mileage rate despite not owning the vehicle. Any fuel you would purchase would be a credit against your lease payment.Thanl you for the reply. So then my buddy would basically track his gas expenses and any other repair costs? Is there an easy to use app to calculate this figure? (Perhaps, for vehicle depreciation)?
I don't see any problem using the mileage rate from the date you are added to the title and afterwards. You have to own or lease the vehicle to claim the mileage rate so I don't think you can claim it until that date.Follow up question: Let's say you get added onto the registration, but not until later in the year after you already drove for Uber. Could you use mileage deduction still?