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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?

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?

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1 Reply
AmandaR1
New Member

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?

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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