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Using a personal car for business purposes

I have just purchased a used car that will be primarily for personal use, but I will use it in my business for times when the truck is not necessary. I paid for the car with personal funds, it will be on a personal ins. policy and expenses like registering, gas, repairs, etc. will be paid with personal funds. I know that on my taxes I can claim this business use, most likely via standard mileage rate. Are there any other accounting issues I should consider in regards to this?

Reply to
kbremner
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In general, your commuting expenses to your main job location are not deductible because they are considered personal expenses. However, if your job site changes more than once in a year, you may be able to deduct via the standard mileage rate because those sites are considered temporary assignments (i.e, you are traveling away from your home area).

Reply to
Rocinante

Yes, they would not be considered commuting miles as long as you do not travel to the same jobsite every day for over a year. Keep a careful log of all your travel.

Reply to
Rocinante

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