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Scrapping and Taxes

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    kss is offline Metal Recycling Entrepreneur
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    Scrapping and Taxes

    Hello,

    This is my first year making any kind of actual money from scrapping. I kept records for everything, including milage driven exclusively for my "recycling business". This includes milage driven looking for scrap, picking up items from people off craigslist, driving to the post office to ship something I sold on ebay while scrapping, etc. Are these miles deductible? I am 99% sure they are, which is why I kept track of them, but just curious if anyone who has been scrapping for a while (and who reports their scrapping income for taxes) has deducted milage for scrapping and can confirm it worked out fine.



    Thanks!

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