Regarding Mary's 2020 Lexus RX used in her business, she elected to recover the cost using...
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Regarding Mary's 2020 Lexus RX used in her business, she elected to recover the cost using the standard mileage rate beginning in 2020. In 2021, she is not permitted to change to an actual cost method. True False Question 10 (1 point) Saved Listen Mary's $10,000 contribution to her Self-Employed SEP in 2021 is treated on her tax return as: Deduction for AGI, reported on Schedule C Deduction from AGI, reported on Schedule E Deduction for AGI, reported on Schedule 1 Not deductible in 2021 Deduction from AGI, reported on Schedule A Regarding Mary's 2020 Lexus RX used in her business, she elected to recover the cost using the standard mileage rate beginning in 2020. In 2021, she is not permitted to change to an actual cost method. True False Question 10 (1 point) Saved Listen Mary's $10,000 contribution to her Self-Employed SEP in 2021 is treated on her tax return as: Deduction for AGI, reported on Schedule C Deduction from AGI, reported on Schedule E Deduction for AGI, reported on Schedule 1 Not deductible in 2021 Deduction from AGI, reported on Schedule A
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