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New Member
posted May 31, 2019 5:38:13 PM

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?

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?

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1 Best answer
Level 13
May 31, 2019 5:38:15 PM

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?

3 Replies
Level 13
May 31, 2019 5:38:15 PM

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?

New Member
May 31, 2019 5:38:16 PM

Is there a standard cost per mile? How much can I pay? Just providing a mileage log sheet is sufficient for auditing purposes?

Level 13
May 31, 2019 5:38:18 PM