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Author: Foolferlove Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121219  
Subject: Re: Filing a net loss on Sched C Date: 1/26/2005 5:10 PM
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Car expenses - You can deduct actual expenses, depreciate your vehicle or use the standard milage. Most people I deal with use the standard milage but it depends on numerious issues. You can only deduct those miles that you use the car for business. Going from one hospital to another. Not from your home to the hospital.

I have a followup question about this. Most of my friends are medical residents and fellows who moonlight. And they ALL deduct car expenses for their moonlighting.

They all have "day jobs" and get paid on a w-2, but then they take on moonlighting positions and get paid with 1099s (actually, several of them DON'T get 1099s from the firms they moonlight with, dispite earning thousands of dollars a year...but that's another story I guess).

Anyway, I was under the impression that you could not deduct a drive TO work as a business expense. So this should apply to "moonlighting" as well, right? My friends insist I am wrong and use the "everyone I know has done it this way for ages" method to back themselves up. Try as I might, I could not find anything in an IRS publication to back myself up. Can anyone point me in the right direction?

Also, it shouldn't matter if the moonlighting gig is "out of town", should it? I.e if your commute to get to the 2nd job is 2 hours?

Typically, everyone leaves from home. But occationally some leave from their main job and go direct to their moonlighting job. Does this matter?

This question is in the "settle a bet" category. Even with documentation I don't think my buddies are going to change their reporting methods. But I figure before I tell them that what they are doing is incorrect I need to have full command of my facts.

FFL
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