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ross · 04-14-2008, 02:32 PM

Frank or anyone with tax knowledge,

I went with standard mileage deduction this year so does that mean I don't have to keep all my receipts(fuel,tolls etc) for 08? I didn't have a need for them when I was doing my 07 taxes this year, so I was just wondering if its really necessary. I also found in your(franks)posts that I can't switch to depreciation deduction option, why is that? sounds odd to me because I don't see a reason why this would matter to IRS.

04-14-2008, 02:32 PM	#1 (permalink)
ross Junior Member Join Date: Sep 2007 Location: Erie, PA, USA. Rating: Posts: 19	I have a question... Frank or anyone with tax knowledge, I went with standard mileage deduction this year so does that mean I don't have to keep all my receipts(fuel,tolls etc) for 08? I didn't have a need for them when I was doing my 07 taxes this year, so I was just wondering if its really necessary. I also found in your(franks)posts that I can't switch to depreciation deduction option, why is that? sounds odd to me because I don't see a reason why this would matter to IRS.