Question
Jackson uses his automobile 90% for business and during 2015 drove a total of 14,000 business miles. Information regarding his car expenses is listed below.
Jackson uses his automobile 90% for business and during 2015 drove a total of 14,000 business miles. Information regarding his car expenses is listed below.
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What is Jackson's deduction in 2015 for the use of his car if he uses:
a. The actual cost method? $
An employee may deduct unreimbursed employment-related transportation expenses as an itemized deduction from AGI. Transportation expenses include only the cost of transporting the employee from one place to another in the course of employment when the employee is not away from home in travel status.
b. The automatic mileage method?
$
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