- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Tax Question regarding Vehicle Allowance
Posted on 3/18/15 at 7:14 pm to LSU1018
Posted on 3/18/15 at 7:14 pm to LSU1018
I have been getting the same the past 9 years and this year it's not showing up in the same cells on turbo tax as past years.
I get a 1099-misc with the allowance in 3-other
Normally I right off the additional cost of car insurance I need to carry, mileage, oil changes, tires, ect to offset the allowance.
I get a 1099-misc with the allowance in 3-other
Normally I right off the additional cost of car insurance I need to carry, mileage, oil changes, tires, ect to offset the allowance.
1
Posted on 3/18/15 at 7:30 pm to tigeraddict
My understanding is that if you get an allowance that is non-taxed (1099) then you cannot write off expenses on your tax return as it is an accountable plan. The only time (in my understanding) that you can write off vehicle expenses is if the allowance is taxed.
I'm sure someone will arrive to clarify or correct me.
I'm sure someone will arrive to clarify or correct me.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News