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May 20, 2024 | read

Using a Vehicle in a Short Term Rental Business [Tax Smart Daily 055]

Brandon Hall

In this video, Brandon explains how you can deduct the cost of the vehicle that you purchased for your short-term rental business. 

Listen in to learn about:

  • Using Section 179 and Bonus Depreciation to deduct some amount of the vehicle cost
  • Why it is important to track the dates, mileage, and the business purpose of your trips using a business mile log

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