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Gas and Mileage deduction

Discussion in 'Lawn Mowing' started by The landscaper, Feb 10, 2005.

  1. The landscaper

    The landscaper LawnSite Senior Member
    Messages: 845

    Is it possible to deduct both miles and gas costs, or do you have to choose one or the other?
  2. cclllc

    cclllc LawnSite Senior Member
    Messages: 911

    If I am not mistaken my cpa told me you could do only one.
    I do the milage deduction.I seem to come out better.
  3. moremowing4me

    moremowing4me LawnSite Member
    from S.C.
    Messages: 148

    same here!
  4. mtdman

    mtdman LawnSite Gold Member
    Messages: 3,143

    You can take the milage deduction for your vehicle, which when I did the numbers with my cpa came out better than depreciation, and then deduct the gas you put into your equipment.
  5. gwwilson

    gwwilson LawnSite Member
    Messages: 89

  6. cleancutccl

    cleancutccl LawnSite Senior Member
    Messages: 698

    mtdman, you can take mileage deduction AND depreciation for your business use vehicle.
  7. Logsdonlawncare

    Logsdonlawncare LawnSite Member
    from Iowa
    Messages: 23

    Did you guys hear that mleage is going up to 40.5 cents a mile for this year? Any way yes you can deduct miles and then the gas used in equipt seperate.

  8. gene gls

    gene gls LawnSite Gold Member
    Messages: 3,213

    It depends on the size and type of your truck and how you use it with in the company. If you have a pickup and use it for personal along with the business, then you need to track mileage every time you go out on business. Talk with your CPA and let him set up a standard for your way of opperation.


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