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Feedback Check My Work The law places special limitations on the cost recovery deduction for passenger automobiles. These statutory dollar limits were imposed on passenger
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The law places special limitations on the cost recovery deduction for passenger automobiles. These statutory dollar limits were imposed on
passenger automobiles because of the belief that the tax system was being used to underwrite automobiles whose cost and luxury far exceeded
what was needed for their business use. However, there are different rules for vehicles with a GVW of more than lbs
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