- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Can I take the standard mileage rate for rental car?
I rented a car from Hertz (for 1 day) and used it for both business (rental property) and personal use. I tracked the mileage for business use and wondering if I can take the standard mileage deduction for business mileage?
The reason I am asking is that I read from somewhere that standard mileage rate includes depreciation, and since the rental car company already claimed depreciation we cannot double claim it.
Topics:
March 12, 2020
2:18 AM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
Are you are W-2 employee or are you an independent contractor? If you are a W-2 employee you cannot deduct job-related expenses on your federal return.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
March 12, 2020
7:49 AM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content