The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  https://boards.fool.com/the-main-issue-for-me-would-be-documentation-the-30267359.aspx

Subject:  Re: question on business mileage Date:  9/17/2012  3:41 PM
Author:  dusty2004 Number:  116590 of 129521

The main issue for me would be documentation.

The trip from home to the first yard sale would be commuting.  If she 
leaves from her store that that would be business miles.  She needs to 
keep a mileage log.  I tell my clients to keep it simple.

Date  Starting odometer reading  Where traveled and why  Ending odometer reading

The last trip from a yard sale to home would also be commuting.  If it 
is to the store then it would be deductible.

Dusty

Copyright 1996-2019 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us