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.
You'll need to sign in or create an account to connect with an expert.
Only actual expenses can be claimed on a rental car.
Are you are W-2 employee or are you an independent contractor? If you are a W-2 employee you cannot deduct job-related expenses on your federal return.
This is rental property related expense, not W-2.
Only actual expenses can be claimed on a rental car.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
4Cordelia
Level 1
kkbarlow-pgh
New Member
Anna113
Level 1
wlsnbrr
New Member
peteZ88
Level 3