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odometer & taxes

Discussion in 'Business Operations' started by pines, Feb 26, 2004.

  1. pines

    pines LawnSite Member
    Messages: 148

    what is the proper "log" or method for tracking your vehicle as a "company vehicle" in the eyes of the IRS?
  2. mow2nd

    mow2nd LawnSite Senior Member
    Messages: 603


    BOTURF LawnSite Senior Member
    Messages: 316

    i agree .... the one truck is hooked to trailer at least 5 days a week so its all company milage and other truck we just have a milage log as when its used for business or personal use . My C P A told me to be classified as a full company truck you have to iuse it 80 % of the time for business , it cant be classified as a business truck if you use it more for personal than the biz
  4. Shuter

    Shuter LawnSite Bronze Member
    Messages: 1,171

    100 % company truck. My SUV I also drive gets a partial deduction, with an average every year of 1200 miles for business use.

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