Hello everybody. I'm going to show you the absolutely easiest way to keep track of your business miles for your car. First, here's how you make the entries in your mileage log. Get a week-at-a-glance calendar and every time you set out from your house, jot down the mileage on the odometer. If it's a personal trip, you really don't need to write much more than "personal". If it's a business trip, just write down a little note about the purpose of the trip and write "biz" or whatever for business. Every time you leave your house, just make a note of whether it's a personal trip or business trip, and if it's a business trip with a purpose. Then, at the end of the year when you get ready to do your taxes, we'll start off with calculating the total mileage. Let's just make up something here. Let's say it's sixty thousand, whatever, and then the very ending mileage is seventy-one thousand and change. So that gives you your total mileage for the year. Then, we just have to calculate how much of that is for business purposes, and it's super easy. You just jot down the beginning mileage of business and then the end of the trip, like as follows: you find the first business trip and you put that number in here: 6100 eighty-five. Then, you skip ahead to the next personal trip: 61173, and that gives you the business mileage for this, this, and this. Then, you skip ahead to the next business use of the car: 61248. And then from there, you skip ahead to the next personal use of the car: 61311. Skip ahead to the next business use of the car: 61354. You can skip this one. Then, the next personal trip is...
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Video instructions and help with filling out and completing Are Form 2220 Mileage
