Thank you so much for your valuable feedback. I am assuming there are 2 methods for tax write off.

@The mileage deduction is more suitable for UberX to maximize their incomes.

@actual expense. I'm going to do more research on these. Looks like it better for higher end rides and BlackSUV fleet owner or driver.

Meanwhile, if you have the time. Can you point out for me this example:

In ideal situation: I get paid 2000 per month from driver for my 2019 black Suburban...or $24000 a year. He can drive the wheel off if he would like too.

With the actual expense method, what can I deduct from these expenses:

@For the $45k Suburban, I put a down payment of $20k and monthly payment is close to $500 per month in 5 years.

@Pay close to $400- $500 per month for a proper commercial insurance. The driver is insured under my policy.

@Maintenance cost: this is complicated but hopefully let put aside $100 per month.

@Vehicle depreciation, this is complicated but give the $45k truck 3 year of service which is $15k per year in depreciation. I dont think he will drive X considered the gas expense but who know. Hopefully it gives me 4.5 years of service equal to potential income $100k from the Truck. How much can I deduct from my income?

The math is kinda off here. But I'm doing more research. Meanwhile, please shine me some light so I can get it start asap.

Bests,