state: CA
Hi everyone,
It is that time of year where everyone is gathering all their information and documents to files their tax returns. One brick wall I ran into today is trying to figure out my mileage deductions for work. I have searched google and also on the IRS publications with no luck. Here is the issue:
first off:
1) I pay mortgage and the property taxes on property A, which I owned since 2010 has owner's occupied but I have since only stay there 2 to 3 days out of the week annually for the past 2 years.
2) I deduct my mortgage interest and property tax on my returns every year.
3) I rent property B 100 miles away because it is much closer to work. I spend 5 days out of the week here.
4) I still have all my documents, important mail, tax return, DMV records, all bills, and bank statements sent to property A
5) I do not rent property A out or make money off it. It is solely for my use when I travel back there (family is in the area).
I work as an independent contractor in 2 locations. On Friday after work from office closer to property B, I spend the night at property B. On Saturday morning, I start my commute from property B and travel 65 miles to work to my second temporary work location which is 22 miles from property A (the second office location is in between my 2 homes). after work, I go to property A to spend the rest of my weekend and with family. then I return to property B on Sunday.
A) IRS states that in order to make a home a primary residence, I have to be there majority of the year, which makes it owner's occupied. However, that appears to only apply for the first year of ownership. Can I treat property A as a second/vacation home, since I rent and not own property B?
- Can I deduct the mileage from property B > work > property A (only there for temp job) > Property B (round trip)?
- Can I deduct the mileage from property B > second temp work location > property A (only there for temp job) > second temp work location >Property A > Property B (round trip)?
- Can I treat both Properties as my primary residence?
Thanks in advance!
Hi everyone,
It is that time of year where everyone is gathering all their information and documents to files their tax returns. One brick wall I ran into today is trying to figure out my mileage deductions for work. I have searched google and also on the IRS publications with no luck. Here is the issue:
first off:
1) I pay mortgage and the property taxes on property A, which I owned since 2010 has owner's occupied but I have since only stay there 2 to 3 days out of the week annually for the past 2 years.
2) I deduct my mortgage interest and property tax on my returns every year.
3) I rent property B 100 miles away because it is much closer to work. I spend 5 days out of the week here.
4) I still have all my documents, important mail, tax return, DMV records, all bills, and bank statements sent to property A
5) I do not rent property A out or make money off it. It is solely for my use when I travel back there (family is in the area).
I work as an independent contractor in 2 locations. On Friday after work from office closer to property B, I spend the night at property B. On Saturday morning, I start my commute from property B and travel 65 miles to work to my second temporary work location which is 22 miles from property A (the second office location is in between my 2 homes). after work, I go to property A to spend the rest of my weekend and with family. then I return to property B on Sunday.
A) IRS states that in order to make a home a primary residence, I have to be there majority of the year, which makes it owner's occupied. However, that appears to only apply for the first year of ownership. Can I treat property A as a second/vacation home, since I rent and not own property B?
- Can I deduct the mileage from property B > work > property A (only there for temp job) > Property B (round trip)?
- Can I deduct the mileage from property B > second temp work location > property A (only there for temp job) > second temp work location >Property A > Property B (round trip)?
- Can I treat both Properties as my primary residence?
Thanks in advance!
Federal Taxes: Mileage Deduction with 2 Homes
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