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Being honest
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<blockquote data-quote="Nesikep" data-source="post: 1607624" data-attributes="member: 9096"><p>I think that choice would come to if you chose a flat rate for charging mileage, which if the vehicle is mostly used for non-farm use (like going to your day job) would be appropriate, in which case you can't deduct the expenses of owning it.. There's probably a "reasonable rate" listed somewhere for what you can charge... </p><p>If the vehicle is mostly used for farm business, then parts, fuel, insurance, and depreciation ought to apply to expensable items.. I know our tax codes are a bit different up here, but what you're suggesting sounds ridiculous.</p><p></p><p>The tax man has a very difficult time telling if that CR 23990 seal you bought is for your tractor or your truck BTW!</p></blockquote><p></p>
[QUOTE="Nesikep, post: 1607624, member: 9096"] I think that choice would come to if you chose a flat rate for charging mileage, which if the vehicle is mostly used for non-farm use (like going to your day job) would be appropriate, in which case you can't deduct the expenses of owning it.. There's probably a "reasonable rate" listed somewhere for what you can charge... If the vehicle is mostly used for farm business, then parts, fuel, insurance, and depreciation ought to apply to expensable items.. I know our tax codes are a bit different up here, but what you're suggesting sounds ridiculous. The tax man has a very difficult time telling if that CR 23990 seal you bought is for your tractor or your truck BTW! [/QUOTE]
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