Can we have mileage reimbursement on rentaed vechicle? Or is it only possible for personal vechicle ?

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Can we have mileage reimbursement on rentaed vechicle? Or is it only possible for personal vechicle ?

2007-12-30 12:57:05 · 2 answers · asked by Leo 1 in Business & Finance ➔ Taxes ➔ United States

2 answers

It's usually better to deduct the cost of the rental and the fuel, etc. That's usually more than the mileage rate anyway.

2007-12-30 13:47:23 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋

You can deduct business miles either for a car you own or one you lease.

If you are truly talking about a rental car, if you're renting it strictly for a business trip, you can deduct the whole amount of the rental.

2007-12-30 23:56:26 · answer #2 · answered by Judy 7 · 0⤊ 0⤋