Major life milestones often have a major tax impact. Changes in your marital status, having a baby or adopting a child can have significant impact on your taxes. This is the place to ask questions about dependents, real estate, and other various scenarios that play a significant role in what taxes you pay.
06-12-2017 06:35 PM
I'm looking for info about the mileage log requisites, I found online confusing information.
Do I need to record the initial and final odometer readings for each trip? or only once a year?
Solved! Go to Solution.
06-12-2017 07:33 PM
Welcome to the H&R Block community.
You should be recording miles for each trip. Each time you drive from one business location to another, or away for a business trip outside of your tax area, you should record the mileage for that trip. Also, I would jot down the reason for the trip and the date so that you have a complete record should the IRS ever ask a question.
If you have any other questions I'll be glad to help.
Senior Tax Advisor (Tampa, FL)