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Updated over 1 year ago on . Most recent reply

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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
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Loss of business mileage deduction for those with W-2 income

John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
Posted

My CPA had a letter in my tax prep documents that says that those with W-2 income can't deduct business mileage anymore.

This is the first I had heard of this. I don't have W2 income, so I am good but I'm sure there are many people on here that still have W2's and STR that they are visiting to do work etc.

I tried to look this up and it says you can only deduct business mileage if you are self-employed. So, if you have a W2 job it would make sense you are not self-employed I guess.

Any CPA's want to confirm if my CPA has this correct or not?  

  • John Underwood
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