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Jackson, a self-employed taxpayer, uses his automobile 80% for business and during 2023 drove a total of 22,000 business miles. Information regarding his car expenses
Jackson, a self-employed taxpayer, uses his automobile 80% for business and during 2023 drove a total of 22,000 business miles. Information regarding his car expenses is listed below.
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What is Jackson's deduction in 2023 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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