Solved

Can a partnership llc claim the standard mileage rate reimbursed to a member? Where is it entered on the 1065 do not see a spot?

Forum|Forum|6 years ago
June 1, 2019
1 reply
0 views

Under business expenses, there is not a spot for reimbursed mileage. Do I have to type in my own description? It is a common expense, isn't it?

Best answer by Rick19744

It is a very common expense. Just input your own description "auto mileage" or something similar.

Do you have an accountable reimbursement plan? This is where the member or employee must provide you with a record or receipt for the expense (or mileage in this case) and you then cut them a check?

Rick19744Answer

It is a very common expense. Just input your own description "auto mileage" or something similar.

Do you have an accountable reimbursement plan? This is where the member or employee must provide you with a record or receipt for the expense (or mileage in this case) and you then cut them a check?

*A reminder that posts in a forum such as this do not constitute tax advice.Also keep in mind the date of replies, as tax law changes.