When doing taxes for an Air BNB for which you are already claiming the depreciation on the property itself, can you also claim actual expenses if driving a vehicle from my house to the Air BNB 25 miles away to clean throughout the year?
If so, it appears would need to know the following:
Depreciation method (MACRS Straight-Line, MACRS 150% Declining Balance or MACRS 200% Declining Balance)
Depreciation life (I think would want five years for this?)
Depreciation convention (I think Half-Year is correct?)
Confused what depreciation method is correct. I think life is supposed to be five years and convention should be half-year.
Anybody have any advice on this?
