Question
Jackson, a self-employed taxpayer, uses his automobile 94% for business and during 2021 drove a total of 26,200 business miles. Information regarding his car expenses
Jackson, a self-employed taxpayer, uses his automobile 94% for business and during 2021 drove a total of 26,200 business miles. Information regarding his car expenses is listed below.
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PLEASE HELP PART B)
What is Jackson's deduction in 2021 for the use of his car if he uses:
If required, round your answers to nearest dollar.
a. The actual cost method? $13211
A taxpayer has two choices in determining automobile expenses: the automatic mileage method and the actual cost method.
b. The automatic mileage method? ???? Need help I got 15665 but is incorrect
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