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Investors & landlords
if you're paid as an employee (w-2) no employee business (car) expenses are deductible on your federal return but some states may allow a deduction. if you are an independent contractor, the rental costs would be deductible based on the % used for work (work mileage to total mileage). I think this is a gray area for deductibility if used solely to look for a replacement vehicle.
‎February 10, 2025
10:41 PM