- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Standard Mileage Deduction for Multi Member LLC
I have a business that was under a sole proprietorship LLC with 4 work trucks, and was taking the standard mileage deduction which I understand is acceptable. January 1st I took on 2 partners (one was my brother in law, and one my wife) which changed the business to a multi member LLC. We still have the same 4 work trucks. I was wondering if it was possible to continue to take the standard mileage deduction on the 1065 return?
Topics:
‎October 13, 2019
5:54 PM