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Jose purchased a vehicle for business and personal use. In 2016, he used the vehicle 18,000 miles (80% of total) for business and calculated his
Jose purchased a vehicle for business and personal use. In 2016, he used the vehicle 18,000 miles (80% of total) for business and calculated his vehicle expenses using the standard mileage rate (mileage was incurred ratably throughout the year). He paid $1,400 in interest and $150 in property taxes on the car. Calculate the total business deduction related to the car:
Schedule C:
Schedule A:
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