rzach41
Contributor
User Power
Value/Post Ratio
22%
- Oct 23, 2007
- 200
- 43
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
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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