The business would be run as an LLC and there are three partners.
2007-10-24 19:58:34 · 5 answers · asked by kevin s 6 in Business & Finance ➔ Taxes ➔ United States
You can not deduct from home to business loacation, but you can deduct travel to places from your location to other loactions for the purpose of conducting business. You have to keep a detailed log of miles and purpose.
2007-10-25 02:10:09 · answer #1 · answered by Angela C 2 · 0⤊ 0⤋
No, that is commuting expense and not deductible. If during the day a person drives somewhere to pick up supplies for the business or something, those miles can be deducted.
2007-10-25 04:13:17 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
Even if you have a business, the mileage for travel from home to office and from office back to home are not deductible.
2007-10-25 00:31:29 · answer #3 · answered by MukatA 6 · 3⤊ 0⤋
No. It is commuting miles and it doesn't matter if you are an employee or own the store, you can't deduct it.
2007-10-24 20:06:05 · answer #4 · answered by Anonymous · 3⤊ 0⤋
No. It is considered commuting.
Commuting mileage is not deductible for anyone.
2007-10-25 02:04:21 · answer #5 · answered by Wayne Z 7 · 0⤊ 0⤋