cancel
Showing results for 
Search instead for 
Did you mean: 
userrdannyboy99
Level 1

Is It better to track miles I put in my car or gas for taxes as I’m a lyft driver. I work 10+ plus a day, 35$/day on gas vs 400+ miles. Which is better?

 
1 Comment 1
Pabz_L
QuickBooks Team

Is It better to track miles I put in my car or gas for taxes as I’m a lyft driver. I work 10+ plus a day, 35$/day on gas vs 400+ miles. Which is better?

Let me share some insight about tracking mileage in QuickBooks Online, @userrdannyboy99.

 

The best way to keep track of mileage for taxes is to have a contemporaneous mileage log. It means you have to record it every day along with a description including the time and date of each trip. At the end of the year, figure out your kilometers driven for work as a percentage of your total kilometers driven. 

 

I also suggest getting in touch with your accountant so you’ll get the best advice on which best to track mileage for taxes.

 

I’ll leave you an article below for your reference on how to Record your business miles and vehicle expenses in QuickBooks:

 

Don't hesitate to post a question below if you need further assistance. I'm always here to help. Take care always.

Need to get in touch?

Contact us