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Old 06-29-2006, 04:15 AM
Paul Thomas, CPA
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Default Re: Scooter - tax deducible?

<milosnik.boczku[at]gmail.com> wrote

- quote -

> I'm independent IT Consultant in NYC (self employed). I'm
> going to buy a scooter or a small motorbike soon. I need it
> as an alternative, more effective way of transportation
> between my clients. Is there any chance to deduct any $ I
> spent on a scooter, an insurance, a gasoline, a maintenance,
> and parking etc? Apologize for a silly question, I am new
> in the US.


Luckily, you can take the standard mileage deduction for the
business miles, currently at 44 1/2 cents per mile no matter
how efficient your vehicle is.

But - taking the standard mileage rate trumps the deduction
of the scooter, gas, etc. But it's a lot easier to account
for, and with a vehicle that is economical, you'll get a
bigger deduction than actual cost.

--
Paul Thomas, CPA
paulthomascpapc[at]bellsouth.net

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
 
Old 04-29-2006, 07:59 AM
TxSrv
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Default Re: Scooter - tax deducible?

milosnik.boczku[at]gmail.com wrote:

- quote -

> I'm independent IT Consultant in NYC (self employed). I'm
> going to buy a scooter or a small motorbike soon. I need it
> as an alternative, more effective way of transportation
> between my clients. Is there any chance to deduct any $ I
> spent on a scooter, an insurance, a gasoline, a maintenance,
> and parking etc?


IRS provides no optional mileage rate for this vehicle. So,
you claim actual expenses plus depreciation as though it
were a car. See IRS Pub 463.

Fred F.

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
  #-1  
Old 04-20-2006, 07:45 PM
milosnik.boczku@gmail.com
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Posts: n/a
Default Scooter - tax deducible?

I'm independent IT Consultant in NYC (self employed). I'm
going to buy a scooter or a small motorbike soon. I need it
as an alternative, more effective way of transportation
between my clients. Is there any chance to deduct any $ I
spent on a scooter, an insurance, a gasoline, a maintenance,
and parking etc? Apologize for a silly question, I am new
in the US.

Thank you,
MB

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
 

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deducible, scooter, tax


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