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Self employed
Can you clarify what you mean by not deducting car rentals or lyft usage for part of Jan-May of 2022 on Sch E. If it was related to your rental activity, then include it on your Sch E including the actual car expenses or mieage driven multiplied by the standard mileage rate 58.5 cents per hour from January-June 2022 and 62.5 cents per hour from July -December 2022. . See HERE Pg. 4 Sections "Type of Expenses", Local transportation expenses, Travel expenses.
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March 6, 2023
9:22 AM