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Updated over 7 years ago,

User Stats

6
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0
Votes
David Cable
  • Dumfries, VA
0
Votes |
6
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Travel Mileage Reimbursement

David Cable
  • Dumfries, VA
Posted

Re: the travel mileage deductible expense, does the entity reimburse the owner?

i.e. 

I have a multimember LLC taxed as a partnership.

For one trip using my personal vehicle for the purpose of renovating one unit at an apartment complex, total mileage = 100 x 53.5 cents/mile = $53.5

Does the LLC then reimburse me for that amount, so that the expense now becomes the LLC's, and not my own?

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