Travel Expenses and Tax Deductions

[Kerns Churchill]

Hi Everyone,

New investor here. Just bought a SFR rental in Mesa, AZ and I am already doing some tax planning. I live in California, so I plan to drive to my rental property and I had a question regarding travel expenses and tax deductions.

For gas, do I make the purchase with the rental property's account/debit card and just deduct it on the Schedule E? Do I make the gas purchase on my personal credit card, reimburse myself from the property's account, and then deduct it on the Schedule E? Do I make the purchase on my personal credit card, don't reimburse myself, then just deduct the expense on the Schedule E?

I know I am going to use the standard mileage deduction, but I was just wondering how I should make the actual gas expenses when I travel.

Thanks!

[Mike Leng]

I believe that if you take mileage reimbursement, it covers all vehicle related expenses, so you can not get reimbursement for gas.