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Updated almost 11 years ago,
Rental Property Vehicle Deductions and Taxes
I use TurboTax to do my rental property taxes on multiple properties. My properties are within a 1 mile radius, but I'm spreading trips across multiple properties. Is it a better strategy to record all mileage against one property? I sold my van this past year and bought a replacement, so taxes are pretty complex when calculating the depreciation for this year. It seems that TurboTax handles my one car as if it is a different car for each property. What is the best legal strategy to use for recording the mileage?