ErnieS0
Expert Alumni

Investors & landlords

You can deduct the cost of renting from an owner. The owner is responsible for reporting the income on their tax return. You should get a receipt.

 

Whether or not the owner reports the money does not affect whether it's deductible to you. As Tax Expert @MinhT said, you can deduct any ordinary and necessary expenses for maintaining your rental.

 

Enter the cost under Rental vehicles and equipment. You can't claim mileage because you don't own or lease the vehicle. Add any mileage charges to the cost of the rental.

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