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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.
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March 12, 2020
2:18 AM