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Assuming a self-employed taxpayer uses a personal automobile for business transportation, select the best answer for how the taxpayer may choose to account for business
Assuming a self-employed taxpayer uses a personal automobile for business transportation, select the best answer for how the taxpayer may choose to account for business vehicle expenses . the taxpayer may deduct 57.5 cents per business mile plus parking and tolls in 2020 the taxpayer may deduct the business percentage of total vehicle costs (plus parking and tolls) in 2020 either of the above (but not both !)
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