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Deductions & credits
If you rented the car strictly for your business and then drove it 100% for work then you can deduct the total cost of the rental as a business expense (you can put it as a rental).
If you used it part time for work but also used it for personal driving then you need to divide up the time and you can take the deduction for the percentage of time that it was business use. For example, if you used it half of the time you drove it you can deduct half of the cost of renting it.
The other option is to deduct the mileage that you drove while you had the rental. That may be the better deduction.
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‎February 15, 2023
11:08 AM