There is total 6000 miles on my car in 2023. I have three rental properties, Total miles for rent purpose is 3000 miles - 1000 miles for each property. For each of the property, in the section of 'How do you want to enter your mileage for your ...', the entry Total miles driven for all purposes, should I enter 6000 miles or 6000/3=2000 miles?
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You can't split the miles between the properties (assuming they are equal)?
But TurboTax asking Total miles and miles for rental property in each property input section. If my total miles in 2023 is 6000 miles, total miles for rental purpose are 3000 miles, please let me know which of the input below is correct, (method A is 17% miles used for rental, method B is 50% used for rental.
Method A:
Property 1: Total miles driven for all purposes: 6000
Miles driven for rental or royalty: 3000/3=1000
Property 2: Total miles driven for all purposes: 6000
Miles driven for rental or royalty: 3000/3=1000
Property 3: Total miles driven for all purposes: 6000
Miles driven for rental or royalty: 3000/3=1000
Method B:
Property 1: Total miles driven for all purposes: 6000
Miles driven for rental or royalty: 3000
Property 2: Total miles driven for all purposes: 6000
Miles driven for rental or royalty: 3000
Property 3: Total miles driven for all purposes: 6000
Miles driven for rental or royalty: 3000
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