Logging Miles

[Account Closed]

Hi BP family. Just a quick question. I'm a newly licensed REALTOR ASSOCIATE and I'm planning to write off the miles I driven for business purposes. My question is: Do I only keep track of business miles? Or do I have to keep a log of all miles driven? Thanks! Ryan

[Cyrus Lendvay]

Only the miles you want as a deduction. :) For each day I'm driving for business, I note the starting mileage, all stops, and ending mileage. You should ask an accountant what's required. Or, I'm sure the IRS web site has guidelines.

Cyrus