Article Date:
December 2007


Word Count:
448

 

 

Bad Mileage Log Kills Vehicle Deductions


Robert Thomas Walters operated a home remodeling business. He frequently drove to numerous job sites in his truck, which he used primarily for business purposes.

 

On his tax return, Walters deducted $10,878 in truck expenses, based on the standard mileage rate for that year. He had two types of records to prove his mileage:

 

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First, Walters had job worksheets on which he recorded the date, job site location, names of employees working at the site, work performed, and total number of ... Log in to view full article.

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