Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

6
Posts
0
Votes
David Cable
  • Dumfries, VA
0
Votes |
6
Posts

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?

Loading replies...