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vehicle expense on a 50% owned rental property

I own 50% of a rental property.  I select for TurboTax to do the automatic calculation for me so rental income and expenses get automatically divided in half.  But it doesnt look like it does it for vehicle expenses as when i switch to the form view it still shows the full amounts.  Should I manually enter 50% of miles, purchase price, interest paid, etc for this?

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1 Reply
AnnetteB6
Employee Tax Expert

vehicle expense on a 50% owned rental property

The items that are reduced to 50% pertain directly to the rental property itself.

 

If you used your vehicle for purposes related to the rental property, then you would claim the full amount instead of 50%.  If there is a reason you would reduce it, such as you traveled to the property with the other 50% owner, then you would just enter half of the miles, etc.  TurboTax will not do that calculation.  

 

Keep in mind that to claim mileage on a vehicle, you need to be the owner of the vehicle.  

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