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Self employed
@RedhairMac wrote:
You’ve been really helpful…thank you…last question: I personally delivered many of the goods I sold. Can I expense mileage and, if so, how do I do that!
If a hobby, you can't deduct any expenses, including mileage.
If you are reporting this as a business, you can deduct your delivery mileage using the IRS standard mileage rate. You need to have a record, like a diary, log book or app, that shows the date, purpose of trip, and miles driven. When preparing your schedule C in turbotax, you will be asked directly about mileage. There is more information in chapter 4 of IRS publication 463.
August 31, 2022
1:05 PM