I have receipts for my gas, I own a transportation company so I have multiple receipts accountable for each of those fill ups. If I have gas receipts totaling $8,349 and each tank takes me 320 miles, is it reasonable to conclude the following equation. $8,349 / 50 <---- cost per fill up. ----------- 166.98 x 320 <---- milage per tank ------------ 53,433.60 x $.50 <---- business deduction. ------------ $26,716.80 Thanks -Joe Garcia
Jgarcia2320 1 year ago