Expert play: bookkeeping, mileage, and tax deductions for FairCar hosts

You may receive a 1099-K through our payment processor if your payouts pass the federal reporting threshold. Reporting rules can change, so talk to a tax professional about your situation.

Download a yearly export from Dashboard → Earnings → Tax documents in January. It includes every trip, every pass-through charge, every refund, and every subscription line item.

Mileage on the host's side: driving to deliver the car, to refuel, to a partner garage, or home from drop-off is all deductible at the IRS standard mileage rate. Log it in any mileage app (MileIQ, Stride).

The FairCar monthly subscription is 100% deductible as a platform fee. So are your commercial insurance premiums, cleaning supplies, professional photos for your listing, and the share of vehicle depreciation attributable to rental use.

Vehicle depreciation rules depend on business use and your tax situation. Talk to a tax professional before filing.

First Monday of every month: export the prior month's payout statement, the prior month's pass-through charges, and a screenshot of your odometer. Drop them in a dated folder.

If you're a fleet, add a column for which vehicle generated the revenue. Per-vehicle P&L is how you decide which car to sell and which to clone.