Tax Deduction question!

[joshw10]

if car is used ~30% for business based on odometer miles in a year, can 30% of any repairs and maintenance be deducted, if I am also deducting the standard amount (44.5 cents/mile for 2006) for miles driven on business?

 

[imported_Mike]

Was the stickied tax thread not doing it for you?

 

[FoBoT]

the standard rate includes allowance for repairs etc, so i don't believe you can do both, you either use the standard rate or actual costs, but not both
but you should check in the sticky tax thread, i am not a tax expert

 

[altonb1]

Originally posted by: Mike
Was the stickied tax thread not doing it for you?

heh...that's classic....

 

[homestarmy]

Must not have been sticky enough...