Non-taxable mileage deduction

System

This discussion was created from comments split from: Sole Proprietor, No W-2.

onstilt

> @gmalis1 said:
> Quote:" Sole Proprietor, No W-2: It appears the bottom line is that Quicken's tax features are quite useless to small business..."Your INCOME is all listed under the Schedule C Business Income or Loss.ALL the money you earn in a sole proprietorship is taxable...you don't get to shelter any of it.Why is that such a difficult concept for you to comprehend? _All the profit (and thus all your income) will show up in the Business Income area of Quicken's Tax Planner.

Say if you was a semi owner or did deliveries. All your income would not be taxable because you get a mileage deduction. And if you drive all the time you probably have a VERY high amount of deductions and might owe very little. Or if I am incorrect, please someone let me know.