On February 4, 2017, Roger paid $41,000 (including sales tax) for an Infiniti crossover SUV (gross weight under 6,000 pounds). No trade-in was involved, and he did not claim any § 179 expense or bonus depreciation on the cost last year. Under the actual operating cost method, he depreciates the SUV using MACRS. (Hint: See Table 3 in the instructions to Form 4562.) His operating expenses for the Infiniti for 2018 are as follows:

Gasoline $3,300 Auto insurance 1,600 Repairs 240 Auto club dues 180 Oil changes and lubrication 120 License and registration 60
Roger drove the Infiniti a total of 14,500 miles during 2018, 13,050 of which were driven for business purposes. During business use, Roger received three moving traffic violations for which he paid $680 in fines. He also incurred tolls and parking charges of $440.
Prepare tax schedule

Answer rating: 100% (QA)

Answer Form 4562 Part III MACRS Depreciation and Amortization Names shown on return Roger Smith soci... View the full answer