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?

[Mobilemarine]

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?

[Rick19744 · Accepted solution]

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?

[garcebe]

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

[Rick19744]

See the attached IRS documentation:
<a rel="nofollow" target="_blank" href="https://www.irs.gov/tax-professionals/standard-mileage-rates/">https://www.irs.gov/tax-professionals...>
<a rel="nofollow" target="_blank" href="https://www.irs.gov/taxtopics/tc510.html">https://www.irs.gov/taxtopics/tc510.html</a>
<a rel="nofollow" target="_blank" href="https://www.irs.gov/uac/car-and-truck-expense-deduction-reminders">https://www.irs.gov/uac/car-and-t...>