I have three rental properties. TurboTax asking Total miles and miles for rental property in each property input section. If my total miles in 2023 is 6000 miles, total miles for rental purpose are 3000 miles, please let me know which of the input below is correct, (method A is 17% miles used for rental, method B is 50% used for rental.
Method A:
Property 1: Total miles driven for all purposes: 6000
Miles driven for rental or royalty: 3000/3=1000
Property 2: Total miles driven for all purposes: 6000
Miles driven for rental or royalty: 3000/3=1000
Property 3: Total miles driven for all purposes: 6000
Miles driven for rental or royalty: 3000/3=1000
Method B:
Property 1: Total miles driven for all purposes: 6000
Miles driven for rental or royalty: 3000
Property 2: Total miles driven for all purposes: 6000
Miles driven for rental or royalty: 3000
Property 3: Total miles driven for all purposes: 6000
Miles driven for rental or royalty: 3000
