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One Weird Tax Question
Tax Guru's,
I purchased rental property for the first time this year and am quite the Newbie to renting and taxes.
My question is whether I can use different methods to expense my car versus my wives car. I want to do actual costs on my car (new 4 runner) and standard mileage on her car which has much lower operating costs.
Is this OK? I Goggled my fingers raw and could not find an answer.
Many thanks,
John