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05-11-2008, 08:35 PM
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#16 (permalink)
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Senior Member
Join Date: May 2004
Location: Owensboro, KY.
Rating:
Posts: 1,269
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Re: car rental deduction?
Terry made some good points . If you took a taxi from the shop where your truck was to a hotel that should be a deduction , so why not a rental car ? Another good point was removing personal items like a GPS or computer from the truck . Using a rental car to provide security for them is deductible . How far would an auditor go ? What if the shop or the hotel offered free transportation ?
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05-11-2008, 09:47 PM
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#17 (permalink)
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Senior Member
Join Date: May 2003
Location: Minnesota, USA.
Posts: 3,179
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Re: car rental deduction?
Quote:
Originally Posted by layoutshooter
Taxes in general suck. They are not here to help us get ahead in anyway. I think we should tax by use to sociaity insted of by how much you earn. Congressmen and Senators would pay the highest rate since they are the most useless etc.!!!
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Layoutshooter for President!
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05-12-2008, 08:49 AM
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#18 (permalink)
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Moderator
Join Date: Nov 1999
Location: .
Rating:
Posts: 530
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Re: car rental deduction?
Hi All,
It seems that there is confusion on this question,
Since the truck broke down, and is in the shop, the car rental and a Hotel are deductible, and it includes the per Diem for the days that you are broke down.
On Schedule C
The Per Diem is reimbusement for meals only, $52.00 US and $58.00 Canada. at 80% for 2008 line 24B
the Hotel is fully deductible under travel, line 24A
and the Car Rental is also fully deductible under vehicle, equipment, rental or lease. Line 20
only thing not deductible on this is the mileage. this can not be taken as a deduction on a car rental. you use the full price. including fuel, even if you go home. you cannot use the mileage for this deduction.
Franklin Katz
Franks Tax & Business Service
120 York Rd
Kings Mountain, NC 28086
704-739-4039
Circular 230 Disclaimer - Any tax advice in this communication (including any attachments) is not intended or written to be used, and cannot be used, by any taxpayer for the purpose of (1) avoiding tax related penalties under the Internal Revenue Code or (2) promoting, marketing or recommending to another party any transaction or tax-related matters addressed herein.
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05-12-2008, 11:03 AM
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#19 (permalink)
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Senior Member
Join Date: May 2005
Location: Redford, MI
Rating:
Posts: 6,983
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Re: car rental deduction?
FAIR TAX
One good solution
__________________
Greg
Sort of independent wealthy - I followed the Million Dollar plan 
1999 Freightliner FL70
Professional International Traveler
Politics is a game of engagement
In order for you to change something you don’t like, to change something for the betterment of your country or to change just for the need of change, you must be involved, engaged and vocal.
So don’t blame me if Congress passes laws that affect you, your family or your rights
Be Engaged!
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05-16-2008, 02:13 PM
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#20 (permalink)
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Senior Member
Join Date: Mar 2005
Location: Monroe, MI.
Rating:
Posts: 1,139
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Re: car rental deduction?
Thanks for all the help in here. My tax guy got back to me and said that it would be deductable under the circumstances. You don't want me for President. Welfare would end, ALL socialist programs would end. People would HAVE to work for a living. Crime would no longer be accectable. We would be energy independent. IF we are going to fight "Global Warming" EVERYONE will fight it, and I mean EVERYYONE!!! As to Iraq, Iran, Syria, China, Russia and ALL the other goofies in the world, straighten up or BOOM!!!! All socialists can move to one of those socialist countries before they get boomed!!!! Remeber, if you vote for socialism you will end up living in a country like one of those!!!! Layoutshooter
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05-25-2008, 10:45 AM
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#21 (permalink)
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Senior Member
Join Date: Sep 2004
Location: Charlotte, NC, usa.
Rating:
Posts: 2,568
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Re: car rental deduction?
The only time it would not be deducatable would be for 100% personal use. Wanted to go fishing for the weekend and the only stream was 60 miles away AND the truck was not in need of repair. Otherwise change the oil and use that as an excuse.
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06-24-2008, 01:15 PM
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#22 (permalink)
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Moderator
Join Date: Nov 1999
Location: .
Rating:
Posts: 530
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Re: car rental deduction?
Hi all,
The answer to this question is confusing to a lot of DRIVERS.
[b] If you are on the Road and Rent a Car to transport yourself to a hotel, Motel or home while your truck is in the shop for repairs. then the expenses is totally deductible.
If you drive the rental home, once you arrive home then any expense incurred is NOT Deductible. But, Once you leave your home to go pick up the truck, IT IS DEDUCTIBLE.
In your log books, You enter the time your truck goes in the shop and log off duty. even if you go home. then when it is picked up an back in service. you go back to your regular logging.
Frank Katz'
Franks Tax & Business Service
fkatz1@bellsouth.net (new e-mail address)
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07-19-2008, 12:36 AM
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#23 (permalink)
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Senior Member
Join Date: Nov 2001
Location: United States.
Rating:
Posts: 141
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Re: car rental deduction?
Anytime you rent a car on the road it is deductible. And also while you are home you can deduct the mileage on your car when you are using it for business i.e...Going to the post office, dropping off the TripPak, getting supplies to load the fridge in the truck, going to the bank and things such as this. Just remember to note the mileage in a note book and what the reason was for the trip.
Also do you know that if you were to fly home while your truck is being repaired or decided to visit the truck shows those tickets would be deductible, also if you decided to travel by car to the truck shows your mileage would be deductible there also
__________________
Just keep it between the lines. (And don't hit the guy in front of you)
Don't give it a second thought, if you didn't get the first time you won't get the second time either.
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07-25-2008, 06:14 AM
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#24 (permalink)
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Moderator
Join Date: Nov 1999
Location: .
Rating:
Posts: 530
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Re: car rental deduction?
Hi All,
If your truck breaks down and you rent a vehicle, weather it be a truck or car to use or to continue with loads, it is DEDUCTIBLE no matter what, you are away from your home originally on business.
Remember once you leave your home with the truck, you are considered away on the road. if you do go home Once you arrive you are considered off duty.and the per diem does would be not deductible, But if you go to a Motel, it is.because you are away from home.
The vehicle rental and the per diem are an allowable deduction, including the fuel expense incurred, BUT_ [b]The Mileage is not part of a vehicle rental. even though you might pay a per mile rate, IT CANNOT BE TAKEN AS A DEDUCTION,
Frank
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