How to Bulletproof Your Mileage Log [Tax Smart Daily 050] 

4 Mi Deduction Requirements 2:44 1.) Amount of the expense. 2.) Distance and miles. 3.) Time and place of the trip. 4.) Business purpose of the trip.

Great advice!! Can you provide a template with an example? I just started my business 8/1/2023 do I take a picture of my ode meter from today?

Love your content. Where are you located out of?

Content starts at 0:48

Do i really have to log personal miles as well? I have about 10% of business miles. I feel like it would be easier to just log the business miles. Start of the year and end of the year odometer.

If you are doing doordash deliveries and using a mileage tracker app, do you think having your whole shift logged as one trip showing the start and end locations and times with the total miles is good enough, or do you think you have to switch screens to the tracker app and hit stop trip at every stop you make throughout the day to get all the specific addresses logged? Either way it has the four needed things but I'm just not sure about how specific you need to be with what you call a trip.

What do you mean by the amount of the expense? How much I spent on gas or performing the service? Please clarify.

What is the difference between the ‘distance’ and the number of miles? Seems like they are the same.

Thanks for the video. Say you have an LLC which owns a truck and properties in one city (City A), and use the same truck to visit properties owned by another LLC in another city (City B). Are there differences in the way the IRS would view the mileage deduction for the two cities? In other words, do I get mileage deduction for using the truck in both City A and City B or I can only deduct the mileage in City B.

Question. What if I started my business mid year, and don't have beginning of the year odometer? This is personal car used for some business fyi