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  #9  
Old 09-16-2004, 04:43 AM
Harlan Lunsford
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Default Re: Real estate professionals and maximum mileage

Frederick Jorden wrote:
- quote -

> Gene E. Utterback, EA wrote:
> > "Paul" <taxman[at]negia.net> wrote:
> > > "Cheryl" <cherylfdgm[at]yahoo.com> wrote


> > > > Is there a limit that a real estate professional (an agent,
> > > > in this case) can take as far as car mileage used for her
> > > > job?


> > > She can claim all the business miles she actually drove.


> > And which are properly documented in her mileage log!


> Almost all professionals maintain a detailed appointment
> book which would be a good place to note business mileage.


When a client asks what form to keep the record in, I simply
click on my "cars' icon on desktop and open my own mileage
log, which shows date, miles and purpose. End of year I
print out the little Notepad file and hand total the miles,
write a company check to me x 3x.x cents per miles and file
it away.

ChEAr$,
Harlan Lunsford, GC and EA n LA

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  #8  
Old 09-13-2004, 08:03 PM
Frederick Jorden
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Default Re: Real estate professionals and maximum mileage

Gene E. Utterback, EA wrote:
- quote -

> "Paul" <taxman[at]negia.net> wrote:
> > "Cheryl" <cherylfdgm[at]yahoo.com> wrote


> > > Is there a limit that a real estate professional (an agent,
> > > in this case) can take as far as car mileage used for her
> > > job?


> > She can claim all the business miles she actually drove.


> And which are properly documented in her mileage log!


Almost all professionals maintain a detailed appointment
book which would be a good place to note business mileage.

--
Frederick E. Jorden http://Tax-Accounting-Payroll.com
7825 Midlothian Tpk - 207 Richmond, VA 23235-5247
EMAIL knowtax[at]bigfoot.com
(804) 320-6210 FAX (804) 320-6211

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  #7  
Old 09-13-2004, 07:44 PM
Paul
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Default Re: Real estate professionals and maximum mileage

- quote -

> > She can claim all the business miles she actually drove.

> And which are properly documented in her mileage log!


With a sharp knife we can whittle that log down to a
toothpick in a week or so.

--
Paul A. Thomas, CPA
taxman at negia.net

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  #6  
Old 09-11-2004, 02:07 AM
Seth Breidbart
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Default Re: Real estate professionals and maximum mileage

Nan Eklund <naneklund[at]aol.com> wrote:

- quote -

> The limit is normally common sense.
> I had one client who supervised construction sites and
> legitimally had 50,000 miles a year on his car.


But can he use the standard mileage deduction for all of
them?

Seth

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  #5  
Old 09-11-2004, 01:48 AM
Gene E. Utterback, EA
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Default Re: Real estate professionals and maximum mileage

"Paul" <taxman[at]negia.net> wrote:
- quote -

> "Cheryl" <cherylfdgm[at]yahoo.com> wrote

> > Is there a limit that a real estate professional (an agent,
> > in this case) can take as far as car mileage used for her
> > job?


> She can claim all the business miles she actually drove.


And which are properly documented in her mileage log!

Gene E. Utterback, EA

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  #4  
Old 09-09-2004, 04:09 PM
Robert J. Romano, CPA
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Default Re: Real estate professionals and maximum mileage

- quote -

> Is there a limit that a real estate professional (an agent,
> in this case) can take as far as car mileage used for her
> job?


Yes, the limit is your actual mileage whether it's zero, a
million, or anything in between. Just keep a good log of
your miles in case of an audit.

--
Robert J. Romano, CPA
99 Massachusetts Avenue-Suite 4
Arlington, Massachusetts 02474-8600
www.romanocpa.com

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  #3  
Old 09-09-2004, 03:50 PM
Wayne Brasch
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Default Re: Real estate professionals and maximum mileage

"Cheryl" <cherylfdgm[at]yahoo.com> wrote:

- quote -

> Is there a limit that a real estate professional (an agent,
> in this case) can take as far as car mileage used for her
> job?


Claim what you used, if you can prove it, if necessary.

Wayne Brasch, CPA, M. S. Taxation

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  #2  
Old 09-09-2004, 03:49 PM
Helen P. OPlanick EA
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Default Re: Real estate professionals and maximum mileage

- quote -

> Is there a limit that a real estate professional (an agent,
> in this case) can take as far as car mileage used for her
> job?


Yep, what she drives.

Helen, EA in PA
50 miles, 3 days, 1 cause - Multiple Sclerosis Challenge Walk for the Cure
October 1 to October 3, 2004
Donate on-line at www.msandyou.org

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  #1  
Old 09-09-2004, 03:30 PM
Paul
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Default Re: Real estate professionals and maximum mileage

"Cheryl" <cherylfdgm[at]yahoo.com> wrote

- quote -

> Is there a limit that a real estate professional (an agent,
> in this case) can take as far as car mileage used for her
> job?


She can claim all the business miles she actually drove.

--
Paul A. Thomas, CPA
taxman at negia.net

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Old 09-09-2004, 02:52 PM
Nan Eklund
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Default Re: Real estate professionals and maximum mileage

The limit is normally common sense.
I had one client who supervised construction sites and
legitimally had 50,000 miles a year on his car.

I had another with 6 rentals who kept saying, "a little more
than last year" until I explained that "a little more" was
adding up to 2,000 miles a week - and I know where the
houses were. And so would the local IRS office. Can't say he
kept perfect records after that but the claim was much more
reasonable.

Nan, EA in Los Angeles

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  #-1  
Old 09-08-2004, 06:46 PM
Cheryl
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Default Real estate professionals and maximum mileage

Is there a limit that a real estate professional (an agent,
in this case) can take as far as car mileage used for her
job?

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
 

Tags
estate, maximum, mileage, professionals, real
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