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Updated over 1 year ago on . Most recent reply

User Stats

38
Posts
18
Votes
Kellie Powell
  • Flipper/Rehabber
  • Peru - Kokomo, IN
18
Votes |
38
Posts

Gas Mileage question

Kellie Powell
  • Flipper/Rehabber
  • Peru - Kokomo, IN
Posted

Needing clarification.  Can we claim gas mileage both to and from our flip / Investment property?  We do not have an actual office / warehouse.  Therefore, we consider our residence our "office".  We are working on a flip and doing 90% of the work/ rehab ourselves.  Trips to and from the property 5 days a week.  Can I claim the mileage both to and from the property?  Also mileage to and from the home improvement / box store for purchasing supplies for the rehab project?  From my point of view, we are traveling on a business trip to work on a construction site and then traveling back to the home office when we are done.  Therefore, the round trip to and from the house would be the full "business trip" if you will.  Could someone give me there opinion view point.  Yes, I realize you are likely not a CPA, but what is everyone else doing?  Thank you!

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