Tag: mileage deduction

Depreciation Add-Backs for Standard Mileage Deductions

Question: My client has mileage listed on his schedule C.  Can this be added back as a depreciate item and if so what is the mileage multiplier allowed by the IRS? Mortgage Currentcy – Income Analyzer – Depreciation and Mileage Deductions Answer: Yes, this can be added back, and the standard mileage deduction for tax […]

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