Having read through the meal writeoff thread I started coming up with a few questions of my own.
I'm new to shopping but have been doing more and more in the past few months. I've been trying to keep good records and receipts, etc. I definitely need to step up my mileage records though!
My concern - many of my shops are reimbursement heavy: grocery shops, fast food shops, high end restaurant shops, etc. My reimbursements to fees are about 2:1 right now. I'm concerned that after I account for mileage, health insurance, and other expenses (part of my internet and wireless) that I'll probably barely be breaking even. Of course, if you counted the goods/reimbursements, I would in the black. Do I need to be concerned about this? Will the IRS be coming for an audit? Any advice would be greatly appreciated.
Just a note that I do not have W2 employment and basically have a collection of side hustles rather than one main hustle.
Edited 1 time(s). Last edit at 10/08/2022 01:33PM by olympia tennenbaum.