On January 2, 2018, Jason paid $31,000 (including sales tax) to purchase a gently used Toyota Camry that he uses 92% of the time for business. No trade-in was involved, and he did not claim any 179 expensing. Jason uses the actual operating cost method to compute his tax deduction. He elects to use the 200% decliningbalance MACRS depreciation method with a half-year convention. His expenses relating to the Camry for 2018 are as follows:

Gasoline $3,500

Auto insurance 1,700

I nterest on car loan 820

Auto club dues 325

Oil changes and lubrication 210

License and registration 190

In connection with his business use of the Camry, Jason paid $510 for tolls and $350 in fines for traffic violations. In 2018, Jason drove the Camry 14,532 miles for business and 1,248 miles for personal use (which includes his daily, round-trip commute to work).

How would this be reported on a US 1040. US Tax Laws. What would be included/excluded to income and deductions.