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Partership Working under Contract remote location

Is Mileage Deductible on My Truck when under contract I travel to the same location every day

My Partnership was contracted for service work that required me to be on site every day. This was a 120

mile round trip 5 days a week. So I am wondering if that allows me to file mileage.

 

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1 Reply
PatriciaV
Expert Alumni

Partership Working under Contract remote location

Yes, actual vehicle expenses are an allowed deduction as a Partnership Expense, if the partnership owns the vehicle

 

Expenses include:
 - Gas and oil
 - Repairs and maintenance
 - Insurance
 - Vehicle registration/license fees
 - Garage rent
 - Auto lease payments
 - Auto club membership

 

If this is your personal vehicle (not owned by the partnership), you may be able to deduct mileage on your personal tax return. The instructions for Form 1040, Schedule E, state that unreimbursed ordinary and necessary partnership expenses paid on behalf of the partnership may be deducted on Schedule E if a partner was required to pay these expenses under the partnership agreement. In this case, report your expenses on Schedule E (Partnership Income) as "Unreimbursed Partnership Expenses" (UPE). TurboTax will ask you about UPE, with follow-up entry at the end of the Schedule K-1 input.

 

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