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Throwing Me A Life Preserver ...
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Originally Posted by Camron Rust
Whether one or both drivers are paid is not relevant. If he drives, he can and should deduct the mileage he actually drove. Likewise, whether you drive or not, all money received is income (even if it is designated as reimbursement for travel) and should be included in that income. The deduction for miles driven will take care of the balance.
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Quote:
Originally Posted by Altor
The fact that somebody is paid specifically for the mileage is immaterial to whether it is deductible. There may be other reasons why it is not deductible, but this is not one of them.
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Quote:
Originally Posted by BillyMac
Don't listen to me, I'm sure your tax guy does an excellent job.
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You guys sound like you know what your talking about. I got in way over my head and was drowning. Thanks for helping out by throwing me a life preserver.
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"For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life." (John 3:16)
“I was in prison and you came to visit me.” (Matthew 25:36)
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