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What is the difference between vehicle expenses and transportation expenses? Tax Act is confusing!?
Hi…I run a business out of my home and am using Tax Act to do my taxes. I completed the ” Vehicle Expense” questions, which had me separate out commuting miles, from business miles and went with the standard deduction for my business miles.
The next set of questions were for “Transportation, travel, meals and entertainment”. It asks for “local transportation expenses” and “Overnight travel expenses”. Am I supposed to claim the same mileage that I just did with the “Vehicle Expenses” category again???? I’m totally confused.
Thanks!
I figured out what the problem was…one set of questions was for “employee” expenses, the other for “business”expenses. As employee, they go on schedule A and subject to 2% rule, as business, they go on schedule C and not subject to 2% rule. Guess I was a little too tired to catch that when I posted. Thanks everyone.
transportation expenses are cabs, air fare, rail fare.
Also tolls and parking are separate expenses from that used by putting for mileage for your car.
If you use your car for business, do not enter it twice.
You can deduct hotel/ motel expenses and50% of meals. Again, do not enter it twice.
Stay At Home Moms
