Hi guys, this is kinda basic, but I want to make sure that I am calculating my percentage of car mileage used correctly. It's a somewhat complex situation as I have several locations of employment (and self-employment) and find the rules to be somewhat confusing. So here is my quick outline:
In the morning I drive from my home office (I have a legit office attached to the home where I see some patients) to a bank where I deposit checks (is it reasonable to do this daily or would IRS prefer one did it weekly?) - I assume this mileage is business. Then I drive from the bank to my W2 place of employment - that does not count. After that I drive to another self-employed location - I assume that mileage also does not count. And then I drive from the second self-employed location to my home business office - I assume this mileage does count.
To make matters more complex, sometimes I also drive from one W2 location to another W2 location - does that mileage count? I think it does... When I return from the second W2 location to the home office, does that count?
I am also uncertain re concept of "principal place of business" - if the bulk of my self-employed work happens in my home office, BUT it is still a minority of my total work hours for the week as I am also employed, is my home office still a principal place of business for IRS purposes?
Any other words of wisdom on this?
Thanks!
In the morning I drive from my home office (I have a legit office attached to the home where I see some patients) to a bank where I deposit checks (is it reasonable to do this daily or would IRS prefer one did it weekly?) - I assume this mileage is business. Then I drive from the bank to my W2 place of employment - that does not count. After that I drive to another self-employed location - I assume that mileage also does not count. And then I drive from the second self-employed location to my home business office - I assume this mileage does count.
To make matters more complex, sometimes I also drive from one W2 location to another W2 location - does that mileage count? I think it does... When I return from the second W2 location to the home office, does that count?
I am also uncertain re concept of "principal place of business" - if the bulk of my self-employed work happens in my home office, BUT it is still a minority of my total work hours for the week as I am also employed, is my home office still a principal place of business for IRS purposes?
Any other words of wisdom on this?
Thanks!
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