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A taxpayer owns a Tesla, Model S , Which had a purchase price of $ 8 0 , 0 0 0 on March 1 ,

A taxpayer owns a Tesla, Model S,Which had a purchase price of $80,000on March 1,2020The car was put into service on that date, and the taxpayer elected to use the standard mileage deduction. The taxpayer has a W-2job approximately 40miles from home, round trip, and drives the vehicle into the office 4days a week.
the depreciation expense on the Tesla will be capped at $16000 for tax year 2023

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