Small Business Services

Tolls and parking - mileage method

Answer:

Whether you choose the actual auto expenses, including depreciation or lease payments, or use the mileage allowance method, you can still deduct the actual business tolls and parking expense costs.
You should maintain a record of the expenses and keep your receipts to verify the deduction.
CPAdirectory
Answer Provided by: CPAdirectory

Share This Answer

Looking For More?

View all Small Business Services Questions

View More Questions