WJABill
New Member

Deductions & credits

Thanks for taking the time to reply. Your note confirms my hunch: if businesses (i.e. a contractor) can include mileage expenses, then it makes sense that a private individual can do the same.

 

The home will not be rented out.

 

The "ownership" and living situation is a little complicated, and I intentionally did not include it in my original post as I think it confuses the basic question. The home will be owned as "tenants in common" amongst 3 family members. One of the family members (i.e. one of the tenants-in-common) will be living in the home.  Each of the owners/tenants-in-common will incur some mileage expenses traveling to the home site during construction. My thinking is that each of the owners/tenants-in-common can record their mileage and use it against the cost basis for the day, far down the road, when the home is sold.