Question
Where to enter taxicab gate or medallion lease fee on Schedule C?
Does taxi gate fee go on Line 9 (Car and truck expenses) or Line 10 as commission/service fee? If entered on line 9, taxpayer must use actual expense method to be able to take deduction. However, if it’s entered on line 10, he can take standard mileage method and still deduct gate fee on line 10. Is this considered double-dipping?
