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Deductions & credits
@AmeliesUncle wrote:
@Opus 17 wrote:
You can't use the standard mileage method for a vehicle you don't own.
Sure you can. Publication 463 even has a paragraph about using it for a lease.
Although in many cases using Actual Expenses for a leased/rented car will have a better deduction.
OK, but I think of a lease as more of a form of ownership. I don't think a short-term rental would qualify. And the thread originally started with a taxpayer who was paying for gas for a vehicle they drove but where a different entity was the lessor.
Tuesday