When compiling your tax documents remember that…….yes….the IRS wants you to keep track of the mileage for business, rental, etc use.
Here’s what they want (in written form) for your records. If you get audited they may ask to see it.
Which vehicle and for each Date: the address and mileage from place to place and the business purpose.
The mileage deduction, per mile, for 2017 is as follows:
Business/Rental 54.5 cents per mile
Charitable 14 cents
Medical 18 cents
Business / Rental 53.5 cents per mile
Medical and Moving 17 cents per mile
Charitable 14 cents per mile
A commute to work and back by an EMPLOYEE is NOT deductible.