biz.txt

If not for profit. Business if it makes profit for three of the past five consecutive years.

These are for overnight trips. These expenses are deductible (meals/entertainment = 50%). Cannot be for spouse (unless bona fide); not commuting;

1. Temporary work location outside the metropolitan area. Less than one year. 2. Home office.

Generally, must allocate between business and personal (unless most of it is business). No allocation if trip is less than week and not meant for vacation or less than 25% of time was personal. If more than a week or 25% on personal, deduction will be denied.

If multiple, look at: 1) total time spent at each place; 2) the degree of business activity at each place of business; 3) the relative income earned at each place of business.

55 cents per mile. Cannot be used if own/lease five or more vehicles. Or for taxis/limos etc.

Ordinary income. If nonbusiness, then it is a short-term capital loss.

No. It's a reduction in gross income.

No.

14 days during the year. Also, there is no need to report rental income.