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Amy sells Kitchenware at house parties. She leased her SUV on July 1, 2020. Her monthly lease payments were 5550. Amy Immediately began using it
Amy sells Kitchenware at house parties. She leased her SUV on July 1, 2020. Her monthly lease payments were 5550. Amy Immediately began using it for her business. She did not claim special (bonus) or 5179 depreciation. Any keeps a specific mileage log for her business use. Her mileage records for 2020 indicate that she drove her SUV a total of 14,707 miles, with 6,155 miles of this being for her business. The total cost of all her operating, repair, and insurance expenses after July 1, 2020, was 53.150. Amy also has receipts for $150 in parking charges when on business What amount can Amy deduct using the actual expense method? $2,699 $2,849 $3,300 36.600
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