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In what tax form does it go? 18. Melissa uses her 2020 Honda Accord in her business. During 2020, she properly documented 10,000 business miles.
In what tax form does it go?
18. Melissa uses her 2020 Honda Accord in her business. During 2020, she properly documented 10,000 business miles. The total mileage on her car (i.e., for both business and personal use) during the year was 15,000 miles. In 2020, Melissa elects to use the standard mileage method to calculate her car expenses. (For 2020, use $0.575 cents per mile.) She also spent $500 on tolls and $ 700 on parking related to the real estate business. (Separate from the mileage reimbursement.) Step by Step Solution
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