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Hank incurred $4,000 in actual expenses to operate the vehicle he uses in his consulting business. During the year, Hank drove the vehicle a total
Hank incurred $4,000 in actual expenses to operate the vehicle he uses in his consulting business. During the year, Hank drove the vehicle a total of 8,000 miles, 2,000 of which were business-use. What amount of his actual expenses can he deduct as a vehicle expense on line 9 of his Schedule C (1040), Profit or Loss from Business (Sole Proprietorship)?
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