Urbano is a new tax client this year. He mentioned that he began driving deliveries in his
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Question:
Urbano is a new tax client this year. He mentioned that he began driving deliveries in his vehicle as a side gig in October. He thinks he drove about miles but doesn't have exact records with him. What advice would you give Urbano about his side gig?
Since he did not bring exact records, Urbano cannot claim any mileage deduction for the driving for He should start tracking mileage now for
Based on his estimate, you can calculate a $ vehicle expense deduction for Urbano against the delivery income.
Since the total income likely wasn't that much and Urbano doesn't have exact records of expenses, it's best to leave off the delivery income completely.
Urbano can ask the delivery company for logs Using that and a calendar, he can reconstruct a mileage number to calculate a deduction.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: