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Andrew Schwartz CPA
Nov 3, 2015 - 8:44PM
Re: Car rental deductible vs mileage

Typically, you have to choose between basing your deduction on standard mileage rates or actual costs incurred for each car driven during the year. However, I don't think the car you rented is the same as the car that you'll be calculating the deduction based on standard mileage. So it seems to me that you can claim a portion of the car rental costs, and then also claim a deduction on your new car based on standard mileage rates.

Zip Code: 01801

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