Is crashpad deductible for tax purposes?
03-26-2009, 06:58 AM
#3
Gets Weekends Off
Joined APC: Jul 2008
Position: 747 Captain (Ret,)
Posts: 804
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
Joe
03-26-2009, 07:30 AM
#5
Recommend Retention
Joined APC: Jun 2007
Position: Bigfoot
Posts: 1,077
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.
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.
03-26-2009, 08:03 AM
#6
Line Holder
Joined APC: Apr 2008
Posts: 72
Originally Posted by LifeNtheFstLne
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.
03-26-2009, 05:11 PM
#7
Gets Weekends Off
Joined APC: Jul 2008
Position: 747 Captain (Ret,)
Posts: 804
Originally Posted by Pitts S2B
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
03-27-2009, 07:51 AM
#9
Gets Weekends Off
Joined APC: Feb 2008
Position: Cessna 150
Posts: 655
Tax Topics - Topic 511 Business Travel Expenses
So my interpretation is, yes, you can deduct your crashpad expenses.
So my interpretation is, yes, you can deduct your crashpad expenses.
03-27-2009, 10:26 AM
#10
New Hire
Joined APC: Mar 2009
Position: B-757/ALL
Posts: 2
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
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www.mlmstreamofincome.com
Thats what I've been up to since I was laid off.
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.
