!

CAUTION

You cannot deduct rental or lease payments, depreciation, or your actual auto expenses if you use the standard mileage rate.

If you deduct actual auto expenses:

• Include on line 6 the rental activity portion of the cost of gasoline, oil, repairs, insurance, tires, license plates, etc.; and

• Show auto rental or lease payments on line 19 and depreciation on line 18.

If you claim any auto expenses (actual or the standard mileage rate), you must complete Part V of Form 4562 and attach Form 4562 to your tax return.

See Pub. 527 and Pub. 463 for details.

If you use your vehicle for both business and personal