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Updated over 7 years ago,
Travel Mileage Reimbursement
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?