dionwisn 0 Report post Posted May 14, 2008 New to REI wanted to know what limitations i should be aware of while doing business. Can i write off gas mileage. How can i monitor this and is it a waste of time. Aslo anything that has an expendable life of less than a year can also be written off if im certain. What other expenses should i be aware of that i can write off as an expense. What document is this recorded on 1040c ?-dion- Share this post Link to post Share on other sites
Dave T 0 Report post Posted June 16, 2008 Your question is way to broad and there are too many variables to give you a useful response. I think the CPA that helped you establish your LLC is in the best position to address your questions. Share this post Link to post Share on other sites
velozatdigg 0 Report post Posted July 1, 2008 Keeping up with my mileage is a deduction of several thousand dollars a year for me. But I agree with the reply above. Good Luck Share this post Link to post Share on other sites