Short-Term & Vacation Rental Discussions
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 1 year ago on . Most recent reply

John UnderwoodPoster
#1 Short-Term & Vacation Rental Discussions Contributor
Pro Member
- Investor
- Greer, SC
- 14,944
- Votes |
- 12,332
- Posts
Loss of business mileage deduction for those with W-2 income
My CPA had a letter in my tax prep documents that says that those with W-2 income can't deduct business mileage anymore.
This is the first I had heard of this. I don't have W2 income, so I am good but I'm sure there are many people on here that still have W2's and STR that they are visiting to do work etc.
I tried to look this up and it says you can only deduct business mileage if you are self-employed. So, if you have a W2 job it would make sense you are not self-employed I guess.
Any CPA's want to confirm if my CPA has this correct or not?