Iam not a irs agent ,but Ido know that the expenses can be deducted. yes you will need to keep a miticulous record of your expenses. The other thing is if you wish to go this route you must count your milage as income. In other words if you want to keep good records and count the gas milage you recieved as income you can deduct all the other expense's. it's a real pain ,but could be worth it if you spent a lot on repairs.Also the precentage of actual work usage on the car plays into this equation. good luck
john fudurich
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Submitted 406 days ago...
Mileage write offs?
I drive an average of 100 miles a day for work and work alone. I just purchased a new car and want to know if I can write off the mileage. My company pays me a small car perdium and pays for gas but the mileage is killing my cars. If I can write it off how do I go about this? Do I need a paper trail of some kind? How much will this pay me back if any? THANK YOU
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Submitted 94 days ago...
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