I am located in New York, USA
Company provided car for daily work activities in the field.
I can use the car for personal use and pay for personal mileage.
I am required to take the car home with me.
I pay for commute miles home.
I cannot use my own car for work.
My town requires I park all work vehicles off public streets.
There is no alternative parking facilities provided by my company to store there vehicle.
Thank you!!
2006-10-08 09:02:40 · 5 answers · asked by Rich . 1 in Business & Finance ➔ Taxes ➔ United States
If you can show actual payments associated with parking the company vehicle on you property, they should qualify as 'un-reimbursed employee business expenses' and be itemized deductions subject to on 2% AGI floor.
I doubt the IRS would accept the 'home office' argument made by someone above. The link below is a PDF file about home office deduction. Generally to qualify, you must use part of your home as a principle place of business, to meet with customers, or to store inventory. The vehicle does not appear to qualify.
2006-10-08 09:48:35 · answer #1 · answered by STEVEN F 7 · 0⤊ 0⤋
I'm not an account but am self employed . my op is yes , either put under home office deduction or have your husband or wife if married rent you the parking space
2006-10-08 09:15:14 · answer #2 · answered by crazy_ol_hippie_radical 6 · 0⤊ 0⤋
you have a very good case. it is like using part of your home as an office.
2006-10-08 09:11:58 · answer #3 · answered by XT rider 7 · 0⤊ 0⤋
Yes if company requires it.......and you have no option about parking.
2006-10-08 14:00:49 · answer #4 · answered by linluv2001 2 · 0⤊ 0⤋
STEVEN F's answer is right. Don't listen to the other guys.
2006-10-08 14:44:55 · answer #5 · answered by Hank 2 · 0⤊ 0⤋