[pianotech] Mileage charges - the tax angle

[A440A at aol.com]

David writes:

<< You can do that here to but the mileage amount usually works out better 
unless you are also depreciating the car itself or leasing the car—or have a lot 
of expensive repairs in a year. >>

     It is my understanding that you have to begin deducting the mileage at 
the very beginning or not at all.  Once started, those that simply charge for 
the costs cannot later switch over and begin deducting for the milage.  If a 
person is going to keep the car for a long time, it is far better to go mileage 
since that way your depreciation is covered for the entire time you use the 
vehicle, ie, even after 10 years, you still are getting to deduct the mileage 
rate as though the car was still depreciating.  
Regards,



Ed Foote RPT 
http://www.uk-piano.org/edfoote/index.html
www.uk-piano.org/edfoote/well_tempered_piano.html
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