wrote:
> On Mar 21, 8:37*pm, Rocinante <RocinanteREMOVET...@gmail.com> wrote:
>> On Sat, 21 Mar 2009 15:09:47 -0700 (PDT), kbrem...@beeline-online.net
>> wrote:
>>
>>> I have just purchased a used car that will be primarily for personal
>>> use, but I will use it in my business for times when the truck is not
>>> necessary. I paid for the car with personal funds, it will be on a
>>> personal ins. policy and expenses like registering, gas, repairs, etc.
>>> will be paid with personal funds. I know that on my taxes I can claim
>>> this business use, most likely via standard mileage rate. Are there
>>> any other accounting issues I should consider in regards to this?
>>
>> In general, your commuting expenses to your main job location are not
>> deductible because they are considered personal expenses. However, if your
>> job site changes more than once in a year, you may be able to deduct via
>> the standard mileage rate because those sites are considered temporary
>> assignments (i.e, you are traveling away from your home area).
>>
>> --
>> The secret of success is sincerity. Once you can fake that, you have it
>> made.
>>
>> RocinanteREMOVET...@gmail.com
>> 3/21/2009 8:26:33 PM
>
> I did not mention in my op, but I am a contractor and I work out of my
> house/yard, which, if I understand correctly, means that any travel to
> jobsites, estimates, etc. are not considered commuting miles. Am I
> correct?
Yes, they would not be considered commuting miles as long as you do not
travel to the same jobsite every day for over a year. Keep a careful log of
all your travel.
--
The only thing wrong with a perfect drive to work is that you end up at
work.
3/22/2009 5:40:44 PM
> On Sat, 21 Mar 2009 15:09:47 -0700 (PDT), kbrem...@beeline-online.net
> wrote:
>
> > I have just purchased a used car that will be primarily for personal
> > use, but I will use it in my business for times when the truck is not
> > necessary. I paid for the car with personal funds, it will be on a
> > personal ins. policy and expenses like registering, gas, repairs, etc.
> > will be paid with personal funds. I know that on my taxes I can claim
> > this business use, most likely via standard mileage rate. Are there
> > any other accounting issues I should consider in regards to this?
>
> In general, your commuting expenses to your main job location are not
> deductible because they are considered personal expenses. However, if your
> job site changes more than once in a year, you may be able to deduct via
> the standard mileage rate because those sites are considered temporary
> assignments (i.e, you are traveling away from your home area).
>
> --
> The secret of success is sincerity. Once you can fake that, you have it
> made.
>
> RocinanteREMOVET...@gmail.com
> 3/21/2009 8:26:33 PM
I did not mention in my op, but I am a contractor and I work out of my
house/yard, which, if I understand correctly, means that any travel to
jobsites, estimates, etc. are not considered commuting miles. Am I
correct?
wrote:
> I have just purchased a used car that will be primarily for personal
> use, but I will use it in my business for times when the truck is not
> necessary. I paid for the car with personal funds, it will be on a
> personal ins. policy and expenses like registering, gas, repairs, etc.
> will be paid with personal funds. I know that on my taxes I can claim
> this business use, most likely via standard mileage rate. Are there
> any other accounting issues I should consider in regards to this?
In general, your commuting expenses to your main job location are not
deductible because they are considered personal expenses. However, if your
job site changes more than once in a year, you may be able to deduct via
the standard mileage rate because those sites are considered temporary
assignments (i.e, you are traveling away from your home area).
--
The secret of success is sincerity. Once you can fake that, you have it
made.
3/21/2009 8:26:33 PM
I have just purchased a used car that will be primarily for personal
use, but I will use it in my business for times when the truck is not
necessary. I paid for the car with personal funds, it will be on a
personal ins. policy and expenses like registering, gas, repairs, etc.
will be paid with personal funds. I know that on my taxes I can claim
this business use, most likely via standard mileage rate. Are there
any other accounting issues I should consider in regards to this?
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