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