Is crashpad deductible for tax purposes?
Was wondering if anyone knows if crashpad expenses deductible?
Thanks |
No you cannot deduct crashpad expenses.
|
The assumption is that your domicile is your tax home. Commuting expenses from home to work are not deductible. You will hear from pilots that say they have been doing it for years, but that just means that they haven't been caught.
Joe |
I see, thanks a lot guys
|
1.) Commuting from home to ALPA/union meetings is deductible
2.) Set up a home office and a small home biz. Sell widgets. Doesn't matter. Now your commute from your place of business to your domicile became deductible too. 3.) Crashpads are not deductible. |
Originally Posted by LifeNtheFstLne
(Post 585330)
2.) Set up a home office and a small home biz. Sell widgets. Doesn't matter. Now your commute from your place of business to your domicile became deductible too.
|
Originally Posted by Pitts S2B
(Post 585351)
I'm no accountant but unless it's a viable business, that seems tough to explain to the IRS "friends". Why not set up the business at your crashpad?
Consult your tax accountant. Don't take the word of anybody on this forum. Joe |
Originally Posted by 717200
(Post 585311)
Was wondering if anyone knows if crashpad expenses deductible?
Thanks |
Tax Topics - Topic 511 Business Travel Expenses
So my interpretation is, yes, you can deduct your crashpad expenses. |
I agree with pokey, the pad as well as the time you are at the pad on call etc. is deductable by using the per diem rates as listed for that domestic city on this site.
GSA - Domestic Per Diem Rates If you want to start a Home Business start here. Lots of Free info. www.mlmstreamofincome.com Thats what I've been up to since I was laid off. |
All times are GMT -8. The time now is 07:42 PM. |
User Alert System provided by
Advanced User Tagging v3.3.0 (Lite) -
vBulletin Mods & Addons Copyright © 2024 DragonByte Technologies Ltd.
Website Copyright ©2000 - 2017 MH Sub I, LLC dba Internet Brands