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Updated about 11 years ago on . Most recent reply presented by

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3
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John Watson
  • Real Estate Investor
  • Middleton, WI
0
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3
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One Weird Tax Question

John Watson
  • Real Estate Investor
  • Middleton, WI
Posted

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

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