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Updated about 12 years ago on . Most recent reply

User Stats

93
Posts
12
Votes
Marcin G.
  • Chicago, IL
12
Votes |
93
Posts

Tax Time

Marcin G.
  • Chicago, IL
Posted

Got a question on filing your expenses regarding your rental properties. Assuming you are actively involved in managing your propertied for tax purposes :
Lets sat you have couple of properties.
Assuming you mix your car use among business/pleasure/work and you don’t keep track of the exact milage. Can you claim $1388 max deduction PER EACH property ? (line 6 of schedule E) or the 1388 needs to be spread equally across all your properties ?

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