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#6
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| Herb Smith wrote: - quote - > Chris <khact...[at]gmail.com> wrote:
Uh... home office not absolutely necessary; just that home> > My wife does not have a full-time job. She is managing a > > real estate rental property. Often times, she had to travel > > from our primary resident home to the rental property for > > rental related functions. Can she write-off the mileage > > traveled from our house to the rental property? > No. Unless she has a valid "home office" at her residence > (used exclusively for such business), this is merely > commuting mileage. is principal place of activity. Now where was it we were discussing this issue maybe six months ago? ChEAr$, Harlan Lunsford, EA n LA << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#5
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| Herb Smith <fgt868$2v5$1[at]panix1.panix.com> wrote: - quote - > Chris <khact...[at]gmail.com> wrote:
As I learned it, real estate rentals are not the sort of> > My wife does not have a full-time job. She is managing a > > real estate rental property. Often times, she had to travel > > from our primary resident home to the rental property for > > rental related functions. Can she write-off the mileage > > traveled from our house to the rental property? > No. Unless she has a valid "home office" at her residence > (used exclusively for such business), this is merely > commuting mileage. trade or business necessary for home office deduction. Howevver if the wife is an employee, drawing a W-2 form, she may have 2106 employee business expenses, after factoring out the commuting. Or if she has home office for her employee job she can take home office and milage on the 2106. Or she might have a schedule C property management business and takes mileage and home office on her schedule C. Not on a schedule E. 2106 expenses. -- ArtKamlet at a o l dot c o m Columbus OH K2PZH << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#4
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| Mark Bole <ma...[at]pacbell.net> wrote: - quote - > Chris wrote:
Thanks to all those who responded. My wife and I own the> > My wife does not have a full-time job. She is managing a > > real estate rental property. Often times, she had to travel > > from our primary resident home to the rental property for > > rental related functions. Can she write-off the mileage > > traveled from our house to the rental property? > Who owns the property? Is she an employee when performing > her management duties? rental property. However, we have setup up a LLC (with only one partner. i.e. my wife) and transfered the ownership under the LLC. My wife acts as a manager of the LLC and do not draw any salary from it. Thanks, CT << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#3
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| Chris <khact...[at]gmail.com> wrote: - quote - > My wife does not have a full-time job. She is managing a
No. Unless she has a valid "home office" at her residence> real estate rental property. Often times, she had to travel > from our primary resident home to the rental property for > rental related functions. Can she write-off the mileage > traveled from our house to the rental property? (used exclusively for such business), this is merely commuting mileage. << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#2
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| Chris wrote: - quote - > My wife does not have a full-time job. She is managing a
Who owns the property? Is she an employee when performing> real estate rental property. Often times, she had to travel > from our primary resident home to the rental property for > rental related functions. Can she write-off the mileage > traveled from our house to the rental property? her management duties? -Mark Bole << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#1
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| "Chris" <khacthai[at]gmail.com> wrote: - quote - > My wife does not have a full-time job. She is managing a
Short answer: Yes - On Schedule E.> real estate rental property. Often times, she had to travel > from our primary resident home to the rental property for > rental related functions. Can she write-off the mileage > traveled from our house to the rental property? << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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| "Chris" <khacthai[at]gmail.com> wrote - quote - > My wife does not have a full-time job. She is managing a
If this is your personal property (you report the rents and> real estate rental property. Often times, she had to travel > from our primary resident home to the rental property for > rental related functions. Can she write-off the mileage > traveled from our house to the rental property? rent related expenses on Schedule E), you would deduct those travel expenses against the rental incomes. If she is managing someone else's property (she's self-employed property manager), then the travel falls to Schedule C against her management income. If she's an employee of the rental management company, these expenses should be reimbursed by the employer - if not they fall to a 2106 and Schedule A. -- Paul A. Thomas, CPA Athens, Georgia << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#-1
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| My wife does not have a full-time job. She is managing a real estate rental property. Often times, she had to travel from our primary resident home to the rental property for rental related functions. Can she write-off the mileage traveled from our house to the rental property? Thanks, CT << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
| Tags |
| mileage, writeoff |
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