I guess it would depend on how long you plan to keep a van and what expenses you would incur during that time. Engine and transmission replacements along with all the regular maintenance can add up over 5 years.I would lose money on doing actual expenses... why anyone would ever chose to add it all up is beyond me... mileage is by far the quickest way to $0.00 then actual
if you took the big ones you are probably down to zero by now...no use of attracting attention to your self by over deducting....there is no rebate check by going below $0...Frank Katz (R.I.P) had a "cheat sheet" that listed all possible deductions. Just reviewing my taxes before finalizing and want to be sure. Does anyone have a copy of it?
Sure there is, my business losses pass through to my personal return and I get back most of the taxes that my company witholds when they pay us.if you took the big ones you are probably down to zero by now...no use of attracting attention to your self by over deducting....there is no rebate check by going below $0...
So you're saying they withhold your money and at the end of the year they give it back to you and call it a refund ?
Sent from my hand-held Etch-A- Sketch
I guess my point is it was her money to begin with and because of your losses you're getting some of that returned