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Answer :
Final answer:
No, motor vehicle expenses for a rental property are not deductible. However, certain business-related vehicle expenses may be deductible.
Explanation:
No, you cannot deduct motor vehicle expenses for a rental property. Motor vehicle expenses, such as fuel, maintenance, and insurance, are generally not deductible for rental properties. These expenses are considered personal expenses and are not directly related to the operation of the rental property. However, if you use your motor vehicle for business purposes related to managing the rental property, you may be able to deduct those specific business-related expenses. For example, if you use your vehicle to visit the rental property to collect rent or make repairs, you can deduct the mileage expenses at the standard mileage rate set by the IRS. It's important to keep detailed records and documentation of your motor vehicle expenses and consult a tax professional or refer to the IRS guidelines to ensure you are eligible for any deductions.
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