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Taxes

mvinuela4812 179 February 1, 2013 at 02:41 PM
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Hello
This is my first time doing this as my employer did not reimbursed for miles.
a sales rep that travel a lot

my question is how do i fill this out let said i have it like this
Employee Expenses - Vehicle Expense - Miles Driven

Enter the mileage information for 2012.


Total miles driven: 34000

Business miles driven in 2012: 26000

Total commuting miles included in total: Learn More 4000

Average commuting distance: 40

this is just anything.
is this right or wrong or make sense because im a little lost.

Thank you

6 Comments

1

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#2
Commuting miles are not deductible.
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L4: Apprentice
179 Reputation
Original Poster
#3
Quote from PiratesSayARRR View Post :
Commuting miles are not deductible.
so do i leave that blank?????
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#4
Line 12 - 34,000
Line 13 - 26,000 (are you including your commuting miles?)
Line 14 - Divide 26,000 / 34,000
Line 15 - 40
Line 16 - 4,000 (you only commute 100 times?)
Line 17 - Add lines 13 & 16 and subtract from line 12

Line 22 Multiple Line 13 by $0.555
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L4: Apprentice
179 Reputation
Original Poster
#5
Quote from PiratesSayARRR View Post :
Line 12 - 34,000
Line 13 - 26,000 (are you including your commuting miles?)
Line 14 - Divide 26,000 / 34,000
Line 15 - 40
Line 16 - 4,000 (you only commute 100 times?)
Line 17 - Add lines 13 & 16 and subtract from line 12

Line 22 Multiple Line 13 by $0.555
No on commute 100s it was just a example.

im using taxact. im not doing it line by line.

so please explain to me.
let said i have 53000 miles.
i work from home
but my clients all around the state.
let say sometime i travel 20 miles to a store and then to about 10 stores a day for 20 days in a month.
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#6
Quote from mvinuela4812 View Post :
No on commute 100s it was just a example.

im using taxact. im not doing it line by line.

so please explain to me.
let said i have 53000 miles.
i work from home
but my clients all around the state.
let say sometime i travel 20 miles to a store and then to about 10 stores a day for 20 days in a month.
Go here: www.irs.gov/pub/irs-pdf/f2106.pdf

Then look at Page two. It will help you visualize it.
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#7
If you truly work form home with no main office to report to, any travel to generate income or related to your job is deductible. You should keep a daily log of job related business miles, under audit you will need to provide this.

In your scenario, assuming the 20 miles is round trip, you would use 48,000 business miles (20 miles/store * 10/day * 20 days * 12 months). This would equate to a $26,640 deduction (48,000 miles * $0.555/mile in 2012). Keep in mind that this is a Miscellaneous Itemized deduction subject to a 2% floor so how much benefit would depend on if you had any other Misc deductions and your overall tax picture.
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