"I Buy Houses" Signs-Can I Deduct All My Mileage Now?
I recently got magnetic "I Buy Houses" signs for my vehicle. In one of his courses Ron Legrand says I can claim that all my mileage now is related to marketing and my business and take the deduction. My accountant says "dream on." Plausibility aside, has anyone actually done this and gotten away with it?
This post made my day. Ron Legrand is just blowing smoke. Most gurus have something like this which, I categorize as, "Just Seminar Talk". Listen to your accountant.
The IRS requires detailed logs for mileage. The better records you have, the better your chance of prevailing on audit. The issue is remembering to do it and getting into the habit of doing it.