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1. The standard mileage rate that may be used by a self-employed individual for claiming deductions for the business use of an automobile does
1. The standard mileage rate that may be used by a self-employed individual for claiming deductions for the business use of an automobile does not include these additional costs. Place a check mark next to the expenses that may be claimed in addition to the standard mileage rate: A. Depreciation of the automobile B. Repair costs C. Parking fees D. Bridge tolls F. _ Automobile insurance G._ Interest on an auto loan 2. If a self-employed individual goes from his home directly to a client's office and back home again, the cost of the trip would not be deductible because the individual did not go to his regular office. True False 3. To use the standard mileage rate, it must have been used in the first year the automobile was used by the taxpayer for business purposes. True False 4. Generally, to be deductible, an office in a taxpayer's home must be one of the following: A. The principal place of business B. A place where the taxpayer meets with customers, patients, or clients C. A separate structure that is used for business purposes For all three conditions shown above, the office must be used exclusively and on a regular basis to qualify. True False 5. If a self-employed individual qualifies to claim deductions related to a home office, those expenses would only be deductible from AGI. True False
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