Allocating vehicle expenses

[Mark Forest]

Filing out my taxes is getting complicated. Thank you to all of you who have been helping me especially Steven. As I have already posted I have three rental properties I acquired in 2012, and one I have had for three years. That makes four rental properties I owned in 2012. Of the three I acquired in 2012 only one of them was rented out in 2012. Thus I cannot take depreciation on the other two for 2012.

My question is about vehicle expenses. I drove over 10,000 miles in 2012 to the various rental properties including those I am not taking any depreciation for in 2012. Turbo Tax figures out vehicle expenses per mile, but don’t I have to capitalize these expenses? Do I only take the vehicle expenses for the one rental property I acquired and rented out in 2012? This is very confusing!

Yes it would have made it easier if I had some kind of “property manager” entity, but I am a sole propieetor and own all houses individually.