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#1
03-14-2008, 04:29 PM
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 Re: One move -- two cars. On Mar 13, 12:12 am, Paulo Joe Jingy <dbl...[at]gmail.com> wrote: - quote - > Can I deduct the cost of driving both cars when I moved from Kentucky
Yes you can. If you're using actual expenses (ie. receipts for> to Texas? (Well, my wife drove one.) Five kids, pets, luggage -- I > couldn't fit everyone in either car. > And if I can, how do I do it? Double the mileage? filling up gas for both cars) then deduct that. Or you can do 20 cents per mile, and double the miles driven as you say. What I'm not sure is whether you can use actual expenses for one car and standard mileage for the other. Don't forget tolls, parking fees, etc. -- << ------------------------------------------------------- > << 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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03-13-2008, 09:10 AM
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| Re: One move -- two cars. "Paulo Joe Jingy" wrote: - quote - > Can I deduct the cost of driving both cars when I moved from Kentucky
Yes and yes. See IRS Publication 521.> to Texas? (Well, my wife drove one.) Five kids, pets, luggage -- I > couldn't fit everyone in either car. > And if I can, how do I do it? Double the mileage? -- Phil Marti Clarksburg, MD -- << ------------------------------------------------------- > << 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
03-13-2008, 06:12 AM
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| One move -- two cars. Hello, Can I deduct the cost of driving both cars when I moved from Kentucky to Texas? (Well, my wife drove one.) Five kids, pets, luggage -- I couldn't fit everyone in either car. And if I can, how do I do it? Double the mileage? I've read everything I can find in Publication 521 and other than "Travel Expenses" (which I'm not sure about) I really don't know how you would deduct for the second car, other than doubling up on miles. Thanks for any help. -- << ------------------------------------------------------- > << 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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