My car broke down and I had to rent a van for a few months instead of a car because I work on my rental properties myself. It would really help if I could deduct the actual expense of the rental van rather than claim mileage. Also, should I just spread the cost evenly across the properties if possible? Any advice on how one should go about doing this is much appreciated, thank you in advance.
(I'm using the desktop TT Deluxe if that makes any difference.)
Yes, you can use Actual Expenses rather than the Standard Mileage Rate.
You should divide it between the rental properties based on the miles that apply to each property. You can enter the vehicle for each separate property and when you enter the business miles for the specific property, the program will prorate the expenses and apply it to that property.
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