Kathrin wrote:

- quote -

Since I have a client in just such a situation, I could only advise
him to make a record in a little book of every item purchased and
amount paid and date. AND somewhere on same page, record the
business mileage. It's what's called a contemporaneous record,
and IRS does accept such IF of course they feel that the general
trustworthiness of the taxpayer is not called into question.

ChEAr$,
Harlan Lunsford, EA n LA

- quote -

<< General Disclaimer: > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << It cannot be used by any taxpayer for the purpose of > << avoiding penalties that may be imposed on the taxpayer. > << ================================================== ===== >
If I buy items on yardsales and flea markets, I will
ususally not get a receipt. So when I resell those items,
can I still claim whatever I paid for it as expenses and how
would I do that? I remember years ago in Germany you could
wright a "self-receipt" which indicated all the details of
the purchase, and it was a valid receipt. I would also like
to claim the mileage for driving from yardsale to yardsale.
Thanks.

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