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TOPIC: Tax Deduction for Fuel

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#1285

Sumo (User)

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Posts: 169

Tax Deduction for Fuel 7 Months, 2 Weeks ago	Karma: 5
My cpa told me today that I can't deduct the gasoline I use on my business return. He tell me its either maintence for the vehicle or mileage, but not both I can deduct? That sound right? Enter code here Please note, although no boardcode and smiley buttons are shown, they are still useable

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#1321

Samantha (User)

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Posts: 91

Re:Tax Deduction for Fuel 7 Months, 2 Weeks ago	Karma: 2
Unless your business is shipping and the vehicle is dedicated to the business, taking the mileage deduction will usually yield the most write-off. You also need to keep a mileage log. Enter code here Please note, although no boardcode and smiley buttons are shown, they are still useable

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