When a self employed taxpayer works away from their tax home on business, what travel expenses are
Fantastic news! We've Found the answer you've been seeking!
Question:
When a self employed taxpayer works away from their tax home on business, what travel expenses are deductible?
NO expenses are deductible on the tax return,
Taxpayers may only deduct the cost of travel to and from the place outside the tax home,
Taxpayers may only deduct living expenses while away from their tax home.
The cost of travel to and from a place away from the tax home is considered commuting expense.
Taxpayers may deduct the cost of traveling to and from the place outside the tax home as well as living expenses while away from the tax home.
Related Book For
Income Tax Fundamentals 2015
ISBN: 9781305177772
33rd Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill
Posted Date: