PatriciaV
Expert Alumni

Investors & landlords

Since you have always taken the standard mileage deduction, you wouldn't report the basis in TurboTax. Instead, keep that information in case you need it in the future.

 

Yes, if you used the asset for anything other than business purposes, you'll need to enter a percentage for business use. This percentage would be the number of rental days divided by the total number of days the property was available to be rented (usually 365 days).

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"