read_connect(); //$GLOBALS[ezoic_db]->read->query("use 17things"); ?>

Doing 2007 taxes. Can I include deductions like personal international travel, expense for car repair, etc?

where can I include my personal travel expenses while filing my taxes.
also my car got into accident last year and hence had to spend for it’s repair. Can I include this expense as deduction? if yes where can I include.

Related Items

4 Responses to “Doing 2007 taxes. Can I include deductions like personal international travel, expense for car repair, etc?”

  1. smartypants said:

    Nope.

  2. v b said:

    Personal expenses are not deductible.

  3. StephenWeinstein said:

    No to personal travel for pleasure.
    Yes to personal travel to receive medical care.

    A portion (not all) of the difference in the value of the car immediately before wrecking and the value of the wrecked car immediately after wrecking (before repairing) is deductible as a casualty expense. This difference is usually assumed to be the same as the repair cost. Again, only a portion, not all, of this is deductible. Note that you deduct it on the return for the year of the wreck, not the return for the year of the repairs.

  4. Judy said:

    You can’t deduct any of your personal travel expenses.

    If you weren’t reimbursed for the accident expenses, you might be able to claim a casualty loss on schedule A for part of that expense if you itemize. But if you COULD have been reimbursed, and just didn’t turn it in, you can’t get a deduction.




Message:

[newtagclound int=0]

Subscribe

Recent Comments

Recent Posts

Archives