Trapping mileage question?
#7513850
03/01/22 04:18 PM
03/01/22 04:18 PM
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Joined: Dec 2006
Posts: 16,353 West Virginia,age 49
cathryn
OP
bvr-takr-upr
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OP
bvr-takr-upr
Joined: Dec 2006
Posts: 16,353
West Virginia,age 49
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First off I am not trying to rattle anyone's cage I just have a question that Jerry and I ha e been discussing.
Why is it that when trapping is involved it seems that people are quick to point out that if you figure in your mileage you didn't make this or you didn't make that because it costs 55 to 65 cents a mile(what we are usually told) and that when you factor that cost in its..to most people not e economically feasible to trap?
But yet when I see threads on here about elk hunting or duck hunting or turkey hunting trips no one ever mentioned mileage as an expense?
I dont feel its because we are trying to make money at trapping. If its an income based argument then wouldn't the same mileage costs apply to someones 9 to 5 job? I know alot of people who travel well over an hour each way to work.
Wouldn't it cost the same amount to have a more "tradition al" form of income?
And why when we decide to deliver our castor and beaver pelts does the mileage come up again?ive actually received messages I. The past about how we arent making what qe think qe arw because of out rape se I. Deliver g out fur.
Do y'all figure mileage ..and how much it costs you when you go on vacation to the beach or one of your hunting trips that you get zero return on?
To us delivering our fur is our vacation. And there is a return in it for us.
We don't go to the beach or any vacation destinations. our annual trips are to the fur buyer are our vacation.
And neither of us drink or smoke so we. Aren't Burning or literally peeing away our money.
Jerry was a bit aggravated about the mileage argument and wanted me to post this and see how you guys look at the mileage issue over all.
Is it a selective expense or do you factor the expense in across the board regardless of your reason for travel?
I hope some of y'all will respond and give us you're .02 worth.
IF IDIOTS GREW ON TREES THIS PLACE WOULD BE AN ORCHARD !
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Re: Trapping mileage question?
[Re: cathryn]
#7513867
03/01/22 04:42 PM
03/01/22 04:42 PM
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Joined: Sep 2013
Posts: 16,529 Green County Wisconsin
GREENCOUNTYPETE
trapper
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trapper
Joined: Sep 2013
Posts: 16,529
Green County Wisconsin
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I am not in it for the money it is a hobby for me but if I was in it for the money I would certainly have to be a consideration
no expense is to not be considered when work or business is your trapping a hobby , a business or some where in between a hobby business that you can make no money at but write off expenses
if you consider it a business even if you make only 1 dollar every year it is certainly a tax write off.
supplies , mileage , fuel , repairs
I absolutely consider the cost of driving to work and the time when I was younger I didn't mind driving , I lived 45 minutes from work much because it put me far enough away from a county I didn't want to live in.
having worked from home for 13 years now , 45 minutes each way and longer with any weather is a big no thankyou. your auto expense in a job absolutly needs to be a consideration
my son was looking at jobs 30 minutes away that payed an extra dollar even at 20mpg he would use about 2.5 gallons a day x5 is 12.5 gallons at todays price of 3.35 is 41.88 at 18 dollars an hour even just rough figuring after taxes that is 3 hours a week just to pay for gas better figure in another 4 for car payment tires and maintenance now you work 1 day a week for the privilege of going to work 30 miles away not to mention your time.
America only has one issue, we have a Responsibility crisis and everything else stems from it.
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Re: Trapping mileage question?
[Re: cathryn]
#7513873
03/01/22 04:47 PM
03/01/22 04:47 PM
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Joined: May 2011
Posts: 15,589 Oakland, MS
yotetrapper30
trapper
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trapper
Joined: May 2011
Posts: 15,589
Oakland, MS
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I view trapping as a hobby, like I would elk or deer hunting so no I don't worry about mileage. Since we don't trap much these days, I just plan to lose money on trapping the same as I would plan to lose money on an out of state hunt.
If you're looking at trapping as a business venture to make money on then yes of course you would need to look at mileage. Of course I consider mileage when deciding where to work. It's not worth an extra dollar or two an hour if you have to drive another 100+ miles a day to get there. If I'm going to do a long commute then the pay would need to be significantly more.
So basically... if you're doing something fun (trapping as a hobby, going to a hunt, going on a vacation) then mileage isn't very important. If you're doing something with the intent to make money, or at least break even, then yes, mileage matters.
I think with trapping you have two schools of people... hobbyists like me, and those who do it with income in mind. The comments made about mileage come from those who expect to make a profit at trapping.
~~Proud Ultra MAGA~~
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Re: Trapping mileage question?
[Re: cathryn]
#7513885
03/01/22 05:01 PM
03/01/22 05:01 PM
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Joined: Feb 2014
Posts: 8,265 Louisiana
Aix sponsa
trapper
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trapper
Joined: Feb 2014
Posts: 8,265
Louisiana
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I’m not a CPA, but even I can tell you that mileage is huge when it comes to taxes. If you’re putting thousands of miles on your vehicle without claiming your mileage, you’re leaving a lot of money on the table.
As for regular jobs, it’s my understanding that mileage going to a permanent office or workplace isn’t deductible, but mileage for other locations or errands are in fact deductible.
These are questions best answered by your CPA, but, yes, mileage is huge, even I know that
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Re: Trapping mileage question?
[Re: cathryn]
#7513928
03/01/22 05:37 PM
03/01/22 05:37 PM
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Joined: Dec 2020
Posts: 1,290 Wisconsin
Scott__aR
trapper
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trapper
Joined: Dec 2020
Posts: 1,290
Wisconsin
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Hello Cathryn,
I think that the key difference between trapping and say vacation or hunting any adventure is trappers receive compensation from the sale of fur or processed fur goods and those $$$ must be reported as income. Thus allowed expenses can be deducted, mileage from a place of business being one such expense. Many people combine business and vacations as a legal means to right off a portion of the vacation as a business expense, travel costs a major one. It's what is allowed in our tax laws.
Most individuals going on vacations, hunting or fishing adventures aren't receiving compensation and therefore can not deduct expenses.
Most of us (or our accountants) have been told to take every deduction allowable to minimize our tax liabilities.
While most of us trap for the personal enjoyment, it doesn't mean the we can't love our jobs too. With the current state of the fur markets it's tough for trappers to come out ahead without adding value to fur.
Megapredator ... top of the food chain! Member of WTA Member of MTPCA Member of NTA
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Re: Trapping mileage question?
[Re: cathryn]
#7513938
03/01/22 05:48 PM
03/01/22 05:48 PM
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Joined: Sep 2013
Posts: 16,529 Green County Wisconsin
GREENCOUNTYPETE
trapper
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trapper
Joined: Sep 2013
Posts: 16,529
Green County Wisconsin
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maybe the easiest way to think of it is IF you have any Trapping income you should keep track of expenses and deduct them so you don't pay twice for the pleasure of trapping
America only has one issue, we have a Responsibility crisis and everything else stems from it.
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