Client buys a $150k luxury SUV in year 1, gross weight over 6,000 lbs. He immediately turns around publicly advertises it as available for rent on a site like Turo. It is leased multiple times during year 1 at fair market rates. Client reports the activity on Sch C and uses bonus depreciation on the auto.
Year 2, client uses the auto personally when he wants "to floss", but keeps meticulous mileage logs. Rental use never falls below 51% of use during the year. All expenses are prorated for personal use.
Thoughts? Do we have any issues here?