2 ms·
Folks should really use something like the IRS Standard Mileage Rate (Business) rather than gas, unless they're about to sell the car and it doesn't need anythi
by hunter2_ 8y ago
Folks should really use something like the IRS Standard Mileage Rate (Business) rather than gas, unless they're about to sell the car and it doesn't need anything before they do. In this case, 700 miles is $381.50. Still not bad, considering the order of magnitude difference between such expenses and his profit.
[0] https://www.irs.gov/tax-professionals/standard-mileage-rates https://www.irs.gov/tax-professionals/standard-mileage-rates