How can I write off the purchase price of an RV trailer I purchased to rent out?

[DumbProgram]

I purchased an RV trailer to rent out for revenue and want to maximize the deductions including the initial cost and improvements.

[JamesG1]

This IRS Tax Topic says to report income and expenses related to personal property rentals on Schedule C (Form 1040), if you are in the business of renting personal property.

In TurboTax Online Premium, you would report the income and expense under Federal and Wages & Income, then Self-Employment and Self-employment income and expenses.

Under Expenses, report the initial cost and improvements under Vehicle.

Generally, a rental activity is a passive activity even if you materially participated in the activity.