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Updated over 7 years ago on . Most recent reply

User Stats

146
Posts
27
Votes
Jazmine S.
  • Fort Lauderdale, FL
27
Votes |
146
Posts

Flippers: Do you deduct the mileage when returning to your home?

Jazmine S.
  • Fort Lauderdale, FL
Posted

Hello,

I assume you can only decut mileage going to the property, warehouses, meetings, etc., and you do not take note of the mileage when returning to your primary residence correct?

I am in the state of FL and will be meeting with my CPA shortly, but anyone knowledgeable in this field would be greatly appreciated. 

**ALSO** I've read that if you do not have a "home office", you can only deduct mileage going from one business location to another (ie: investment property to Lowe's), and you CANNOT deduct mileage for going to your property from your personal home. Does that sound accurate?

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