Travel Income and Travel Expenses on Profit & Loss?
Can you charge clients a travel charge (ie "trip charge) and also deduct the mileage or gas expenses on your income statement? I work from my clients offices so there is a lot of travel involved in my job.
Asked By: meyerssheila - 3/21/2012
Best Answer - Chosen by Asker
For most of us the cost of commuting between home and work isn't a deductible expense. But some are indeed able to do this. If you're self-employed with a home office, then you just might be able to write off the cost of traveling between your residence and any other location where you conducted work-related... More
Answered By: Great Returns 3x - 3/21/2012
Additional Answers (3)
Sure. Trip charge, revenue. Transportation, expense... More
Answered By: mrreliable3599 - 3/21/2012
if you charge the client travel you certainly can claim travel expenses on your Sch C if you are driving from home to where you work this is commuting and NOT deductible, the travel from the first job to subsequent ones is deductible
Answered By: tro - 3/21/2012
You can charge the client anything you want--it's all considered revenue to the business. As for deducting mileage or actual vehicle expenses, unless you travel to multiple clients in one day, the IRS will classify it all as commuting and that would be non-deductible.
Answered By: Quick Answers - 3/21/2012
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