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?

1152

New Member

Jun 6, 2019 8:20:03 AM

No, you shouldn't take depreciation expense. Depreciation is just a way to take a rental expense for the rental structure, usually a house, but in this case a RV. When you aren't reporting income because the property was rented for less than 14-days, you can't report any expenses either, including depreciation.

If you have more going on with Business use, you can add more info in the comments.

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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?