Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Intuit Biz e-filing closure on December 21 at 6:00PM PST. Select your product for more Hot topics. Lacerte | ProConnect | ProSeries
Intuit Biz e-filing closure on December 21 at 6:00PM PST. Select your product for more Hot topics. Lacerte | ProConnect | ProSeries
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- Industry Discussions
- :
- Tax Talk
- :
- Car mileage when associated with a trucking company.
Car mileage when associated with a trucking company.
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
Havinfunone
Level 3
11-08-2022
04:59 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Trucking company has 9 semi trucks that can not use standard mileage rate because they are considered a qualified non-personal-use vehicle. However they have a personal vehicle that they use 25% for business purpose in the trucking company. Does the 4 car rule in Pub 463 apply to the car or can they still take standard mileage?
3 Comments 3
qbteachmt
Level 15
11-08-2022
09:34 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
They, who, owns this car? A "personal" car means not owned by the business entity? Which means submitting for reimbursement to that employer under the terms of An Accountable Plan. Not what you asked.
*******************************
Don't yell at us; we're volunteers
Don't yell at us; we're volunteers
Havinfunone
Level 3
11-11-2022
02:06 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
"They" refers to the owner of the company. It a single member LLC filing on a Schedule C.
qbteachmt
Level 15
11-11-2022
02:52 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Pub 463 helps by defining car:
https://www.irs.gov/pub/irs-pdf/p463.pdf
vs equipment.
*******************************
Don't yell at us; we're volunteers
Don't yell at us; we're volunteers
