I have a rental property located in another state.
I always take the standard mileage deduction for the miles spent driving to check on the property. I also deduct my meals and other travel expenses. My tax preparation software is leading me down a path to deduct a portion of the loan interest on the vehicle. My former tax preparer never asked me about loan interest. We have a family car that I used to drive about 500 miles round trip to check on the rental property twice last year. Can I deduct a portion of the loan interest paid on this vehicle? If so, how is it calculated.