Great explanation except for one thing….Where does it state in the tax code that it depends on if the vehicle is owned by the LLC (s-corp), C-Corp etc…? I ask this as I worked for a very large corp chain for 20 years. These were leased vehicles. With these vehicles we had to do 3 things each month. Log the starting odometer. The ending odometer. And the amount of personal mileage we drove. Nobody has a log each trip each day lol.
