- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
No, you cannot deduct the standard mileage. This accounts for general wear and tear to your asset and since it is not your asset you cannot deduct it.
You can, however, deduct the gas you put it in. You can also deduct the auto insurance that you purchased with the rental.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎June 4, 2019
8:04 PM
7,934 Views