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Jose purchased a vehicle for business and personal use. In 2014 he used the vehicle 17,000 miles (60%) for business and calculated his vehicle expenses
Jose purchased a vehicle for business and personal use. In 2014 he used the vehicle 17,000 miles (60%) for business and calculated his vehicle expenses using the standard mileage rate (mileage was incurred ratably throughout the year). He paid $2,300 in interest and $280 in property taxes on the car. Calculate the total business deduction related to the car:
Schedule C: $11,068
Schedule A:
I am not sure about schedule A.
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