James uses his automobile 80% for his business that he operates as a sole proprietorship. He drove a total of 14,000 miles and paid the following amounts for his vehicle: Parking at client's offices Auto Insurance Auto club Dues Oil Changes and Tune-ups Repairs Depreciation allowable Fines incurred while traveling for business Gasoline $ 190 1,200 180 240 1,160 2,050 320 2,400 What is James' 2023 deduction for using his car if he uses the actual method?

Answer rating: 100% (QA)

To calculate James 2023 deduction for using his car using the actual method we need to determine the ... View the full answer