I have been deducting the mileage for use of my car to drive to rental properties (about 4% of annual rental use). I have not been deducting any other auto expenses as it is a small percentage of use. In late December last year I traded in the car for a new car which I will now use to drive to the rental properties starting in 2026.
What is the best way for me to reflect this change in automobiles for my rental mileage deduction? I am using Premier desktop version of TurboTax.
I started down the path of reflecting I stopped using the car in late December and it then opened up a pandora box of multiple questions on value of the sale of the car (traded in, not sold) and how much had already been depreciated, etc.
Thank you in advance for advice on how to handle this situation.
