///// General Tax Question /////

Andyinchville1

Expert Expediter
Owner/Operator
Offline
HI,

Just a question about taxes that may be best answered by a scenario ....

Assume a person makes $1.00 per loaded mile and the standard deduction for that year is .55 per mile.

The person drives a total of 10 miles to the pick up point, then 200 loaded miles to deliver and 210 miles back home.

In this scenario :

$200 earnings ($1.00 per loaded mile) = $200 earnings

Tax write off $231 ( 10 miles to pick up , 200 loaded miles and then 210 miles (420 miles x.55)

For a net loss on the run of $31

Does that sound correct?

Thanks

Andrew
 
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