Tag: mileage deduction

Adding Back Mileage Deductions for Self Employed Veteran

Question: My client is a share ride driver with a deduction for a large amount of mileage under vehicle expense.  Can this be added back in for income? Mortgage Income Analyzer – Mileage Deductions & Depreciation Add Backs Answer: If it clearly shows as Mileage on the tax return, then you can add the IRS-declared […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

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 […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Scroll to Top