That just about the ratios I have been using! I also notice you have left out "commuting" mileage, as i do. Thanks Terry >From: Jon Page <jonpage@mediaone.net> >Ever since I've been in filing taxes based on self employment, the mileage >deduction >has been calculated 80% business, 20% personal. > >This flat rate has never been challenged by the IRS. Although my personal >use of the vehicle >is probably less than 20%, it's worth it not having to nit-pick the daily >odometer reading. > >Jon Page > > >At 09:17 PM 12/16/2001 -0500, you wrote: >>Terry, >> >>Like you, my piano service office is in my home. I keep a logbook, and >>any >>mileage that is business related is logged as a business expense. That >>necessarily includes transporting my tools and supplies to the jobsite >>(and home >>after the last tuning, too), so mileage from my home to the first job is >>also a >>business expense. When Phil Bondi says that mileage can't be counted, I >>would >>say in his defense that such was the case a couple years ago for a short >>time, >>maybe a year or two, but not anymore (according to my CPA). >> >>If while working during the day I make a side trip that is personal, I >>make a >>fair estimate of how much mileage cannot be considered business and reduce >>the >>daily figure by that amount. I hope I am making myself clear. >> >>Regards, >>Clyde Hollinger, RPT >>Lititz, PA, USA >> >>pianolover 88 wrote: >> >> > Since I, like most of you, claim a percentage of my residence as an >> > office/workshop, (to claim as a business expense) I am allowed to >>deduct >> > mileage FROM my house, to every work related job, at 34.5 cents per >>mile. Of >> > course there WILL also be "personal" use mileage, but what about >>"commuting" >> > mileage? Since my home IS also my business address, then when will >>commuting >> > come in? I suppose if I was somewhere OTHER than home for a visit to a >> > friend or whatever, and I left FROM that place TO a job, then that >>would be >> > considered "commuting" miles, but for the most part, It seems to me >>that the >> > vast majority of TOTAL mileage for each year, will be "business" miles, >>and >> > "personal", with very little "commuting" miles. Am I wrong here? Love >>to get >> > everyone's thoughts on this matter. >> > >> > Terry _________________________________________________________________ Get your FREE download of MSN Explorer at http://explorer.msn.com/intl.asp.
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