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1375mlm
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If I purchase a car specifically to rent it out on Turo or other rental methods (say 90% business), can I deduct 90% of the MSRP?

Or proportional to the MSRP? 50% split of personal/business miles means 50% deductible? 

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If I purchase a car specifically to rent it out on Turo or other rental methods (say 90% business), can I deduct 90% of the MSRP?

The information at the two links below should answer 90% of any questions you might have. 

 

Also note that, no matter what, you have to use your actual basis, which might not be the same as MSRP.

 

https://turbotax.intuit.com/tax-tips/small-business-taxes/business-use-of-vehicles/L6hi0zzzh

 

https://www.irs.gov/taxtopics/tc510

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