Posted by Josh
on November 14, 2008, 10:30 pm, in reply to "Sorry so soon but I have a tax question. . "
71.110.144.111
--Previous Message--
: I have an issue with a lender and my
: self employment income. Can anyone
: tell me about deducting mileage and
: vehicle depreciation on their
: self-employment income. I am not sure
: that the firm that did my taxes last
: year did my car expense deductions
: properly. If you are claiming the
: standard deduction for mileage do you
: also claim depreciation? Thanks!
: Hope that everyone is doing well in
: these tough times.
:
If you claim mileage you can't claim depreciation. YOu can't have both!
Claiming mileage includes depreciation.
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