Should I put my car in my LLC name if I intend to use it as a Realtor?

[Erica Veit]

Hey everybody:

I'm trying to get set up correctly with my real estate investment business and I have a question. 

I just got my GA RE sales license in June, and I just formed my LLC in April so I can flip houses and grow my business credit (personal credit is shot), and for tax benefits. I intend to use my car mostly for business purposes. Should I put my car in my LLC name and get business auto insurance? Or do you keep your car in your personal name?

What is the best way to deduct mileage and auto expenses?

Thanks for your advice!

[Anil Samuel]

why would you put your car in the LLC. You can deduct actual expenses for the vehicle when used for business or just use the IRS standard mileage Deduction if you keep track of your miles.