Welcome Guest. Register Now!  


Itemized Deductions Schedule-A


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 03-04-2009, 07:16 PM
Junior Member
 
Join Date: Mar 2009
Posts: 2
Local transportation expenses

I have a full time job as well as a part-time business, which I operate mainly at home.

Can I deduct the commuting costs from my regular office to my home-office, or do these workplaces have to be for the same job to be considered as "business" costs?



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 03-05-2009, 02:25 PM
TaxGuru's Avatar
Tax Guru
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,399
Blog Entries: 3
No, generally speaking these are called commuting expenses and are not tax deductible against your other self-employment business, that is your Home Based Business. This business would not be able to deduct commuting expenses generated from your regular job as these expenses are not related to your Home-Based Business. Only expenses that are directly related to your Home-Based business are deductible!

If you do incur commuting expenses related to your Home-Based Business then of course these are going to be deductible against your income earned on your part time business and reported as a Schedule C deduction.

__________________
Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Investment in Mass Transportation is the answer to Current US Economic woes! disa Miscellaneous 2 07-14-2008 04:03 PM
Whose Medical Expenses Can I Include under Medical Expenses on Schedule A? presley Medical 1 03-13-2008 09:57 PM
2007 Changes to Qualified Transportation Fringe Benefit TaxGuru Miscellaneous 0 12-01-2007 11:00 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning