I am a small business owner of upstart and have to use a pick-up truck to pick-up my goods used in product production. I have a formal agreement with my father to reimburse him at the current IRS milage rate for each mile when using his vehicle for business related purposes. How do I list this expense on schedule C? I am correct in believing that reimbursement payments to my father are zero sum gain for him( he dosen't have to claim as income since he is being reimbursed at the IRS mileage rate)? Of course a mileage log is being kept.
Any guidance would be appreciated
