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June 6, 2019
Question

Tax Year Prior to 2020: About deducting travel expenses 1) i don't have log about my meal expenses, can i use my bank statement ? 2) what do you mean by keeping a log of all your business trips

  • June 6, 2019
  • 1 reply
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I was commuting every day by my car from lexington to cincinati for work

1 reply

June 6, 2019

Yes, you bank statements will be allowed to verify the expense as long as it it clear it is a restaurant.  In order to deduct travel expenses, especially mileage, you need to keep a log of some sort that clearly explains the following: business purpose, business mileage (if any), date(s), and the location.  You can use a spreadsheet, calendar, or any means of tracking as long as it's documented.