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Level 2
posted Mar 12, 2020 2:18:05 AM

Can I take the standard mileage rate for rental car?

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.

0 3 1998
1 Best answer
Level 15
Mar 13, 2020 6:10:23 AM

Only actual expenses can be claimed on a rental car. 

3 Replies
Level 15
Mar 12, 2020 7:49:13 AM

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.

 

https://ttlc.intuit.com/questions/4482873-which-federal-tax-deductions-have-been-suspended-by-tax-reform

Level 2
Mar 13, 2020 12:32:09 AM

This is rental property related expense, not W-2.

Level 15
Mar 13, 2020 6:10:23 AM

Only actual expenses can be claimed on a rental car.