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Jackson, a self-employed taxpayer, uses his automobile 76% for business and during 2019 drove a total of 19,200 business miles. Information regarding his car expenses
Jackson, a self-employed taxpayer, uses his automobile 76% for business and during 2019 drove a total of 19,200 business miles. Information regarding his car expenses is listed below. Business parking $ 230 2,300 Auto insurance Auto club dues (includes towing service) Toll road charges (business-related) 345 368 Oil changes and engine tune-ups Repairs Depreciation allowable Fines for traffic violations (incurred during business use) Gasoline purchases 4,600 460 5,060 What is Jackson's deduction in 2019 for the use of his car if he uses: If required, round your answers to nearest dollar. a. The actual cost method? b. The automatic mileage method
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