qbteachmt
Level 15
03-08-2020
08:19 PM
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"fuel is a component of the standard mileage deduction"
In the past for taxable personal benefit for use of a company car, when the employee paid for fuel in the vehicle, I was told to discount the mileage allowance rate by that amount, and still being able to use the mileage as Allowance in lieu of Actual Expenses. Does that seem to apply to Turo?
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Don't yell at us; we're volunteers