Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 11 years ago on .
Most recent reply
presented by

One Weird Tax Question
Tax Guru's,
I purchased rental property for the first time this year and am quite the Newbie to renting and taxes.
My question is whether I can use different methods to expense my car versus my wives car. I want to do actual costs on my car (new 4 runner) and standard mileage on her car which has much lower operating costs.
Is this OK? I Goggled my fingers raw and could not find an answer.
Many thanks,
John