I have a corolla 94 XE and is acting kind of weird.

The engine is taking out a lot of grey or white smoke and its losing brake fluids. I noticed that when the fluid is gone, the smoke is gone too.

What could be the problem?

:confused:

Your brake fluid may be leaking onto a manifold or exhaust pipe. Find the brake leak first, I'd start with the master cylinder.

Pull the vacuum hose off the booster. I think you will find brake fluid in it. Fluid is leaking out of the master cylinder and into the vacuum section of the booster. Both need repaired/replaced. See if you can pick up a rebuilt assembly.

I backup these 2 posts as good advice.

In hind sight I wish I had asked rag3on if the smoke was in the engine compartment or coming out of the tailpipe. Both asnwers are plausible depending on the situation. In both cases the brake fluid is leaking from the master cylinder and going somewhere else to burn.