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Where do I find the option to take the standard mileage deduction for my multi-member LLC return? I'm just seeing actual expense options.

 
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4 Replies

Where do I find the option to take the standard mileage deduction for my multi-member LLC return? I'm just seeing actual expense options.

It is not an option.

The Standard Mileage Rate is only available to Individuals, not Partnerships or Corporations.

Where do I find the option to take the standard mileage deduction for my multi-member LLC return? I'm just seeing actual expense options.

So, if my wife and I kept our mileage records last year to deduct it like a standard mileage deduction, how can we do take that deduction, if we are the owners of an LLC.  We tracked our mileage on our personal cars that we used for business, assuming that we could use the standard mileage deduction.  Apparently, there is no standard mileage deduction option for an LLC.  Is there still any way to deduct that mileage?  It was a legitimate business expense.  Can we just deduct it on our personal return as unreimbursed mileage?

CatinaT1
Employee Tax Expert

Where do I find the option to take the standard mileage deduction for my multi-member LLC return? I'm just seeing actual expense options.

Yes, this is a business expense deducted on your Schedule C.  I assume you are not incorporated and not an S-Corp.  Use the search in the upper right hand corner and search mileage or Schedule C.  

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Where do I find the option to take the standard mileage deduction for my multi-member LLC return? I'm just seeing actual expense options.


@mly2000 wrote:

So, if my wife and I kept our mileage records last year to deduct it like a standard mileage deduction, how can we do take that deduction, if we are the owners of an LLC.  


Is this on a Partnership return (Form 1065)?  

 

Does the Partnership Agreement state that you must pay for those expenses?

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