gas mileage question for taxes?
mileage rate deduction for gas do we deduct that from self employement or business? ...
mileage rate deduction for gas do we deduct that from self employement or business?
mileage rate deduction for gas do we deduct that from self employement or business? ...
mileage rate deduction for gas do we deduct that from self employement or business?
You’re not making sense. Self employment is a small business, reported on Schedule C. If you itemize, then you may be talking about nonreimbursed employee business expense. In both cases, you need a log, records, information o vehicles used.
For 2007, the standard milage rate was 48.5 cents per mile. Note that the standard rate includes everything except parking and tolls and interest expense (if your business vehicle is financed).