Jackson, a self-employed taxpayer, uses his automobile 90% for business and during 2022 drove a total of
Question:
Jackson, a self-employed taxpayer, uses his automobile 90% for business and during 2022 drove a total of 14,000 business miles. Information regarding his car expenses is listed below.
What is Jackson’s deduction in 2022 for the use of his car if he uses:
a. The actual cost method?
b. The automatic mileage method?
c. What records must Jackson maintain?
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a 7090 140 200 901300 180 210 160 2850 2800 Even though the...View the full answer
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Related Book For 
South Western Federal Taxation 2023 Comprehensive Volume
ISBN: 9780357719688
46th Edition
Authors: Annette Nellen, Andrew D. Cuccia, Mark Persellin, James C. Young
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