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  • Re: My wife and I own an muti-member LLC and we have filed our 1065 and K-1 forms. We both drove for the business in our own personal vehicles how do we expense the miles?
AmeliesUncle
AmeliesUncle
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Business & farm

It would be an "Unreimbursed Partnership Expense" (UPE).  When entering your K-1, it should ask about that.

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‎March 2, 2024 1:20 PM
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