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  #6  
Old 11-09-2007, 10:56 AM
Harlan Lunsford
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Default Re: Mileage write-off

Herb Smith wrote:
- quote -

> Chris <khact...[at]gmail.com> wrote:

> > 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.


Uh... home office not absolutely necessary; just that home
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. > << ------------------------------------------------------- >
  #5  
Old 11-09-2007, 10:56 AM
Arthur Kamlet
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Default Re: Mileage write-off

Herb Smith <fgt868$2v5$1[at]panix1.panix.com> wrote:
- quote -

> Chris <khact...[at]gmail.com> wrote:

> > 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.


As I learned it, real estate rentals are not the sort of
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. > << ------------------------------------------------------- >
  #4  
Old 11-09-2007, 10:56 AM
Chris
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Default Re: Mileage write-off

Mark Bole <ma...[at]pacbell.net> wrote:
- quote -

> Chris wrote:

> > 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?


Thanks to all those who responded. My wife and I own the
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. > << ------------------------------------------------------- >
  #3  
Old 11-08-2007, 07:32 AM
Herb Smith
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Posts: n/a
Default Re: Mileage write-off

Chris <khact...[at]gmail.com> wrote:

- quote -

> 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.

<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >
  #2  
Old 11-08-2007, 07:32 AM
Mark Bole
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Posts: n/a
Default Re: Mileage write-off

Chris wrote:

- quote -

> 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?

-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. > << ------------------------------------------------------- >
  #1  
Old 11-08-2007, 07:32 AM
D. Stussy
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Posts: n/a
Default Re: Mileage write-off

"Chris" <khacthai[at]gmail.com> wrote:

- quote -

> 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?


Short answer: Yes - On Schedule E.

<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >
 
Old 11-08-2007, 07:32 AM
Paul Thomas, CPA
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Posts: n/a
Default Re: Mileage write-off

"Chris" <khacthai[at]gmail.com> wrote

- quote -

> 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?


If this is your personal property (you report the rents and
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. > << ------------------------------------------------------- >
  #-1  
Old 11-07-2007, 07:46 PM
Chris
Guest
 
Posts: n/a
Default Mileage write-off

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. > << ------------------------------------------------------- >
 

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