OT : Taxes, and Home business Rules and Deductions on Vehicles.

[rogercv1 at gmail.com (Roger concha)]

your gas mileage cannot be deducted since in the guy that just lives around 
the corner from the shop cannot deduct his mileage. only time you can deduct 
mileage is when if it's during your work day like a realtor or you are self 
employeed

On 4/16/05, Tonee Northam <pb3vr6@yahoo.com> wrote: 
> 
> So if VW hired you knowingly that you lived in MD, then VW needs you to 
> commute that far to work in turn using your vehicle for their business, 
> sounds like a deduction. hum?
> 
> Tonee
> 
> Derrick floyd <tyrone27@gmail.com> wrote:
> hmm think I understood half of that. I know I can write off tools at
> a expense of being a technican. where as I need tools of the work I
> do on VW's.
> 
> On 4/16/05, Patrick Bureau
> wrote:
> > well if you have a business (also known as a Schedule C in tax lingo)
> > and you have business expense (such as tools) you should be allowed to
> > claim vehicle expenses (also known as a "2106" in tax terms), now their
> > may be limited because of the 8829 - home business expense, square 
> footage.
> >
> > for example if you have a room (like I do) that you use for the purpose
> > of the business, then the square footage of that room (taking for
> > example 150 sq/ft in a house of 1500 sq/ft = 10% of home and therefore
> > your limitator for amount of expense deductible under the 8829) you can
> > claim usage of the vehicle as 100% (based on total mileage / amount of
> > mileage driven for business - for example 1500 miles driven on a total
> > of 3,000 total miles = 50% business use from that vehicle in the
> > business environment) so if you have 200$ in gasoline expense related to
> > business use, then the 200$ of gas become 100$.
> >
> > in the same way you could use the laws of vehicle depreciation to
> > depreciate the value of the vehicle, and this number also will be
> > limited by the usage of home business expense rules.
> >
> > Cheers.....
> >
> > Derrick wrote:
> > > hmm damn. well I know I can write off my Tools as a business expense
> > > because its business related. so if I can't do gas what about vechile
> > > maintance
> > >
> > > On 4/16/05, Patrick Bureau
> wrote:
> > >
> > >>Well since I work for Intuit (largest Tax software and CPA support 
> team
> > >>in America) I can answer this question;
> > >>
> > >>you can only have vehicle deductions if your self employed or can 
> claim
> > >>employee expenses on your return (such as traveling folks (ie: carpet
> > >>salesman) or if you own your own company (like I do) you can claim a
> > >>portion of it (usually based on the "Home Office" deductions rules,
> > >>then the percentage of your home business (based on square footage) 
> can
> > >>permit you to claim vehicle expense based on this home business thus
> > >>limited to the percentage of the home office, and or based (greater of
> > >>either) of your mileage expenses as long as their are related to the
> > >>business question.
> > >>
> > >>next question...
> > >>
> > >>Intuit processed over 38 Millions electronic returns this year... go 
> figure.
> > >>
> > >>
> > >>Derrick floyd wrote:
> > >>
> > >>>Hi guys. Wanted to ask a tax question. can I write off gas on my
> > >>>taxes if I travel from MD to VA everyday to work? also if my job is
> > >>>in VA do I pay MD and VA state taxes or just VA taxes?
> > >>>
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> > >>>
> > >>
> > >>
> > >
> >
> >
> 
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