Quote:
Originally Posted by Tom.OH
Since you are a "business" the IRS allows you to take a 56 cents per mile deduction so you write off $112 off your game fee and on paper you lost money on this game.
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Tom:
To further add to your comment:
Ten years ago I tracked our expenses for all of our cars for one calendar year. I kept track for oil changes, new tires, insurance, new brakes, gas, etc. The result was that my total expenses per mile was 63% of the IRS allowed mileage deduction. My conclusion was that unless one is putting a new replacing and engine every other month and fuel injectors on the other months, always (with the apologies to the late J. Dallas Shirley) take the IRS mileage deduction.
MTD, Sr.