[pianotech] Mileage charges - the tax angle

[David Ilvedson]

I'm pretty sure Consumer Reports did research on leasing and they felt it was better to own in the long run...it is nice to have brand new car every 3 years...but how do you keep the mileage down?   Max 15,000 miles?

David Ilvedson, RPT
Pacifica, CA  94044

----- Original message ----------------------------------------
From: "David Love" <davidlovepianos at comcast.net>
To: pianotech at ptg.org
Received: 4/7/2009 7:22:17 PM
Subject: Re: [pianotech] Mileage charges - the tax angle


>I believe you are right although last year I leased a new car and went to using the 
>total expenses rather than straight mileage and it came out much better--part of the 
>reason I decided to lease.  Seemed to make sense at the time.

>David Love
>www.davidlovepianos.com


>-----Original Message-----
>From: pianotech-bounces at ptg.org [mailto:pianotech-bounces at ptg.org] On Behalf 
>Of A440A at aol.com
>Sent: Tuesday, April 07, 2009 6:18 PM
>To: pianotech at ptg.org
>Subject: Re: [pianotech] Mileage charges - the tax angle

>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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