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Am I allowed to claim the depreciation on an RV that I own for personal use but had rented it out less than 14 days (would not report this income) during the tax year?
I purchased an RV during the tax year that I used personally for 22 days and rented out for 5 days. I understand that, under the 14 day rule, I do not have to report the income but I am not allowed to claim expenses. Am I allowed to claim the depreciation of a business asset for the RV under this rule?
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‎June 6, 2019
8:20 AM