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14. If a taxpayer chooses to deduct state and local income taxes paid, how do state and local sales taxes affect the depreciable basis of

14. If a taxpayer chooses to deduct state and local income taxes paid, how do state and local sales taxes affect the depreciable basis of a vehicle used in a trade or business?

  1. It is subtracted from the depreciable basis of the vehicle
  2. State and local sales taxes do not affect the depreciable basis of a vehicle
  3. Bonus depreciation is limited by any amount paid in state or local sales taxes
  4. The amount paid for state and local sales taxes is added to the depreciable basis

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