1099 deductions TAX HELP!!?

Question

I delivered newspapers last year and have to file a 1099, but I don't know what deductions I can file for. I had to use my car. Can anyone help me with this?

Answer 1

You can deduct the expenses you incurred while you did the newspaper delivery business, like your vehicle expenses, provided the vehicle was used for that delivery business, and other related expenses, to be able to reduce your tax burden (which also depends on your income)., it is better to itemize your deductions

Answer 2

On the car you supposed to keep records of mileage and fuel expenses when you doing the actual work. There are two ways to figure this expense. That is to total all your fuel and upkeep and use that number. The other way which is easier is to use the Total Miles and they give you a specified amount per mile. I not sure now what it is, probably 30-35 cents a mile. It usually work out better than doing all the gas, oil and repair costs.

2007 Mileage Rates

48.5 cents per mile for business miles driven
20 cents per mile driven for medical or moving purposes
14 cents per mile driven in service of charitable organizations
http://www.mileagebooks.com/

What I did years ago. We had two vehicles and my Truck was used for Business only. So, at the first of the year I write down the mileage and at the end of the year I subtract the difference for my total and just use the simple 30 cents per mile or whatever it was. Then I not have to do all the fuel stuff.
If, you want to use a book; Office Depot sell a little pocket book that less than $5 if I remember correct.

Answer 3

You can use a standard mileage deduction if you kept track of mileage, or if you kept track of receipts, actual cost for gas. The standard deduction will benefit you more. You can figure it out by driving your route, writing down how many miles it is and then figuring out how many days you delivered on that same route last year.
Anything you used for that job can be written off. If you had to pay for banding/bagging/etc, you can write off the expense of that. I believe you can write of car servicing as well.
I did taxes in 2006, so things may have changed since then, so just call a tax service, such as Liberty Tax/H&R Block and ask them to be sure or if there is anything else.

Answer 4

You can claim your mileage or actual auto expenses, but not both - so if you claim the 44.5 cents a mile the IRS allows for 2006, you don't ALSO claim gas or other car expenses. You'd only claim the miles that had to do with picking up or delivering the newspapers, not any personal miles on your vehicle.

Answer 5

you can usually claim mileage and gas, at least that is what the CPA i work for said