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Old 03-03-2007, 04:29 PM
Greg D
 
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Default On which form do I claim business travel mileage on my taxes?

I have several trips which I have completely kept driving miles records for in 2006. My online tax software isn't very clear on where I can claim these miles on my Schedule C so I am wondering specifically where I can claim the miles and/or the deduction for the miles.
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Old 03-03-2007, 04:45 PM
tma
 
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Schedule C, line 9. Read the instructions on page C-4 as to whether you're taking the standard mileage deduction or actual expenses. The standard mileage rate allows you .445 cents per business mile. You would need to fill out Part IV of Schedule C also.

http://www.irs.gov/pub/irs-pdf/i1040sc.pdf
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Old 03-03-2007, 04:48 PM
Wood Smoke
 
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tma has all of the answer on this one!
Just a little advice. A safe deposit box is a small tax deductible expense. Since you keep books on your mileage and business it is wise to keep a safe depostit box.



good luck & bless
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Old 03-03-2007, 06:12 PM
pistolpete@sbcglobal.net
 
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tma gave you some good advice if you are self employed. If you are employed by another entity it would be captured on a 2106.
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