Use the standard mileage rate for vehicle expenses
Follow these steps to use the standard mileage rate for vehicle expenses.
note
By default, UltraTax CS optimizes between using the standard mileage rate or the actual costs when determining vehicle costs for current-year vehicles.
- Enter all auto expenses on theVehicle/Listedtab of the asset.
- SelectStandard mileagein the Additional 1040 vehicle information section.