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Updated about 7 years ago,

User Stats

376
Posts
114
Votes
Matthew B.
  • Investor
  • Howey in the Hills, FL
114
Votes |
376
Posts

Personal Vehicle Used (Almost) 100% For Business

Matthew B.
  • Investor
  • Howey in the Hills, FL
Posted

I have a personal vehicle that I use almost exclusively for business. If I put 10,000 miles on it in a year, 9,500 are for business. I track my mileage religiously, but accountant always tells me I can't report all of that business mileage because it will trigger an IRS red flag. He usually reports the business mileage somewhere below 50%. I feel like I'm getting cheated out of a larger deduction. My business miles are legitimate! Does anyone else have this problem or do I need a new accountant?

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