▲ 0 r/Bookkeeping
If a client is using the mileage method for their taxes, how are you all handling vehicle related expenses in the books? Like fuel, repairs, and monthly vehicle payments, are you coding those as owner’s draw since they’re not deductible under the mileage method?
This is for a small LLC owner. Curious how others are treating it. Thanks!
u/Books-And-Balances — 13 days ago