Tax question

Kinja'd!!! "DC3 LS, Fuck Hyundai, now and forever" (eg6)
07/17/2019 at 15:19 • Filed to: None

Kinja'd!!!0 Kinja'd!!! 5

If I’m a 1099 contracter and use my car for work, can I write car repairs (service and parts) off my taxes?

Same for phone if anyone knows. Use that for work as well. 


DISCUSSION (5)


Kinja'd!!! Discerning > DC3 LS, Fuck Hyundai, now and forever
07/17/2019 at 15:31

Kinja'd!!!1

Yes and yes. But for the car, you have to decide between the going based on a mileage basis or accounting for each and every little thing. So do you get a general credit per mile (forgot the rate), or do you try to account for each and every thing (gas, maintenance, etc.). 99% sure you can’t take the mileage amount AND a specific maintenance expense.

L ook up 1099 and car deductions. There’s more to consider here.

You will likely reach t he determination that it is better in your interest to take the mileage number than to account for each little thing.


Kinja'd!!! smobgirl > Discerning
07/17/2019 at 15:39

Kinja'd!!!0

I believe the GSA rate is 58  cents/mile.


Kinja'd!!! Nibby > DC3 LS, Fuck Hyundai, now and forever
07/17/2019 at 15:44

Kinja'd!!!2

wanna write off my car payments off my taxes too? thanks bud


Kinja'd!!! Tekamul > Discerning
07/17/2019 at 16:17

Kinja'd!!!0

Correct, you can't do both. Mileage rate assumes coverage of maintenance.


Kinja'd!!! DC3 LS, Fuck Hyundai, now and forever > Discerning
07/17/2019 at 22:12

Kinja'd!!!0

I haven’ t been keeping track of mileage, but have been keeping gas receipts and such, so I guess I’m stuck with that option.