Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
jackie2048
New Member

Can I and if so where do I claim the price that I paid for a used vehicle for the my rental property?

 
1 Best answer

Accepted Solutions
Anna
Level 5

Can I and if so where do I claim the price that I paid for a used vehicle for the my rental property?

You wouldn't claim the price of the vehicle in one year.  When you enter your rental information into TurboTax, the last section is for Vehicle Expenses where you can take the standard mileage rate or actual vehicle expenses required to manage the rental property.

View solution in original post

1 Reply
Anna
Level 5

Can I and if so where do I claim the price that I paid for a used vehicle for the my rental property?

You wouldn't claim the price of the vehicle in one year.  When you enter your rental information into TurboTax, the last section is for Vehicle Expenses where you can take the standard mileage rate or actual vehicle expenses required to manage the rental property.

Dynamic AdsDynamic Ads
Privacy Settings
v