Question

I am considering changing from the IRS mileage rate to the actual-expense deduction method on my vehicle.

My wife and I are both small-business owners. I’m a realtor, and my wife is a photographer.

Each of us has our own vehicle—dedicated to each of us. I don’t drive hers, and she doesn’t drive mine.

Currently, we both use the mileage method, and we file our tax return jointly. I want to switch to the actual-expense method. Can I switch, or do I have to use the same method as my wife because we file jointly? ... Log in to view full article.