PatriciaV
Expert Alumni

Deductions & credits

Entering mileage is used with the standard mileage rate, which applies to the reimbursement of auto expenses to partners or employees of a partnership. The IRS standard mileage rate for tax year 2024 is 67 cents/mile.

 

For vehicles owned by the partnership, enter actual expenses based on your accounting records under the Auto & Truck Expenses topic.

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