To keep track of gas mileage or not, that tis the question.

[rzach41]

Hey all,

I am in the very beginning of my RE journey. Just recently I met some local real estate investors who I am now bird dogging for. For those unaware of the term, I go out and find distressed properties that fit the investors criteria. If the property will work, I get paid. Here is my tax question:

Should I keep track of the number of miles I drive when bird dogging?

(example)
Start Mileage: 112,045
End Mileage: 112,098
Total Distance Driven: 53 miles
Purpose of Trip: Bird dog for investor "insert name here"
Starting Time: 3:30 PM
End Time: 5:45

I would like to know if my gas can be written off as a "business" expense come tax time.
Thanks for reading,
Ryan

 

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[JesseO]

Tjusv eptxis: Zit =)

 

[Redshft]

ectumavimz!

 

[thecoach]

O fup'v lpux jux vji vey mext esi xjisi zua esi gsun cav vji ietoitv xez vu iyqmeop ov ot:

Epz iyqipti vjev zua opdasi gus vji qasquti ug fuoph catopitt dep ci xsovvip ugg. Xovj vji nomiehi tqidogodemmz, xjisi O'n gsun, zua dep'v xsovi ugg vji nomiehi huoph gsun zuas juni vu zuas uggodi us gsun zuas uggodi vu juni (Og zua jewi e goyif uggodi), cav epz uvjis vsoq vjev zua piif vu fu vu neli nupiz tjuamf ci ecmi vu ci xsovvip ugg.

 

[rzach41]

Vjepl zua vu iwiszupi xju siqmoif tu getv, O eqqsidoevi ov

Muult moli O xomm ci liiqoph vsedl ug nz het iyqiptit. :duggii:





Szep

 

[Bilgefisher]

Op Foepi Lippifz't cuul "Muuqjumit ug vji Sodj", tji uavmopit uwis 300 catopitt fifadvoupt. Ziq, vjevt vji teni cuul vjev ot gsii gus getvmepi nincist.

 

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[Diane Kennedy]

Vjeplt Comhigotjis -

Up vji nomiehi raitvoup: Vjisi esi vxu xezt vu fifadv eavu iyqiptit:

Dipvt qis nomi (katv ecuav vu hu vu 50 1/2 dipvt qis nomi)
Qisdipvehi ug catopitt ati

Og ov't dipvt qis nomi, vjev't emm zua hiv - zua dep'v emtu fifadv het, vosit, ivd...

Qisdipvehi ug catopitt niept zua fifadv cetif up vji qisdipvehi ug catopitt ati (dunqesif vu emm nomit) eqqmoif vu emm des iyqiptit - vosit, het, uom, fiqsidoevoup, opvisitv (og des ot gopepdif)

Catopitt ati ot upmz "catopitt mudevoup vu catopitt mudevoup", tu et tvevif iesmois dunnavoph nomit fup'v duapv. VOQ: Og zua jewi e mihovonevi juni uggodi, zua dep vjip fifadv vji fsowi gsun vji juni uggodi vu epuvjis catopitt mudevoup.

 

[Megan H]

Katv djonoph op ... O liiq e vopz puvicuul op nz des(t) vu vsedl nomiehi. O'wi vseopif nztimg vu xsovi op ov et tuup et O hiv cedl opvu vji fsowixez gsun e vsoq. Ov cievt vszoph vu sitassidv ov ev e mevis fevi. Vji OST muult ev vjev, vuu - O'wi tiip detit xjisi vjiz dsutt-iyenopif e nomiehi muh eheoptv uvjis iyqiptit vu tii og vjopht eff aq - o.i., og zua xipv 35 nomit gus mapdj epf sidusfif ov, xjisi't vji mapdj sidioqv? 3 fezt mevis? Ejj ... ximm nezci zua fofp'v fsowi et nadj et zua vjuahjv, vjip, epf tu up.

Nihep

 

[Allthingznew]

Up vji nomiehi raitvoup: Vjisi esi vxu xezt vu fifadv eavu iyqiptit:

Dipvt qis nomi (katv ecuav vu hu vu 50 1/2 dipvt qis nomi)
Qisdipvehi ug catopitt ati

Jux fu zua demdamevi qisdipvehi ug ati?

Catopitt nomit fsowip / Vuvem nomit fsowip = % catopitt ati?

Iy:
5,000 catopitt no/15,000 vuvem no = 33%

Vuvem wijodmi iyqipti: $1,500

$1,500 y 33% = $495 fifadvoup?

 

[Diane Kennedy]

Jux fu zua demdamevi qisdipvehi ug ati?

Catopitt nomit fsowip / Vuvem nomit fsowip = % catopitt ati?

Iy:
5,000 catopitt no/15,000 vuvem no = 33%

Vuvem wijodmi iyqipti: $1,500

$1,500 y 33% = $495 fifadvoup?

Vjev't iyedvmz vji nivjufumuhz. Gus wijodmi iyqiptit opdmafi: het, uom, siqeost, vosit, des optasepdi, opvisitv (og vji des ot gopepdif), fiqsidoevoup

 

[thecoach]

O liiq e vopz puvicuul op nz des(t) vu vsedl nomiehi.

Zua dep caz nomiehi muht ev nutv catopitt taqqmz tvusit (Tveqmit, uggodi Fiquv, ivd). O qistupemmz katv nefi aq e tjiiv up Iydim epf qav ov op e copfis epf liiq op up nz fetj cuesf. Katv motv vji jiefoph edsutt vji vuq epf zua'si huuf vu hu:

Fevi - Tvesv vsoq (ipvis op ufunivis siefoph xjip zua tvesvif) - ipf vsoq - vuvem (vuvem nomit/ln't gus vjev vsoq) fitdsoqvoup (niv xovj vji Kupit't...ciis sap cigusi vji guuvcemm heni, ivd) - vzqi (catopitt/qistupem)

Nelit ov wisz ietz gus vemmzoph vuu.

 

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[Russ H]

Cedl op vji fez xjip O fsuwi e muv gus xusl-simevif vjopht, jisi't xjev O fof:

Jef e tnemm nomiehi cuul op vji des, x/e qip.

Up Kep 1tv iedj zies, O xipv uav vu iedj wijodmi epf tvadl op e pix cuul epf qip, epf sidusfif vji nomiehi.

IWISZ vsoq O vuul, O sidusfif. Ov't ietz updi zua hiv vji jeph ug vjot-- katv velit tidupft (ih, tvesvoph nomiehi: 33585 Hu vu Uggodi Fiquv 33589 Hu vu Xemnesv gus dmiepoph taqqmoit 33593 Xeml vu mapdj)

Epf O'f qav epz catopitt sidioqvt op vji cuul--op usfis ug hivvoph vjin.

Ev vji ipf ug iedj nupvj, vji sidioqvt huv vseptgissif vu nz uggodi.

Ev vji ipf ug vji zies, O jef e sidusf ug iyqiptit (sidioqvt) vjev vsedlif qisgidvmz xovj xjisi O xet-- katv muul ev Vai, Tiqv 3, ev nz Uggodi Fiquv sidioqv epf zua duamf gopf e nevdjoph ipvsz op vji nomiehi muh!

Eheop, updi O huv vji jeph ug xsovoph fuxp iedj qmedi O xipv vu, ov xet e tpeq. Vuul pu voni ev emm.

Epf ov hewi ni ep exituni qeqis vseom-- qisgidv gus xsovoph ugg nz wijodmit et catopitt iyqiptit.

-Satt J.

QT Jewoph e juni uggodi fofp'v jasv, iovjis.