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Ruth started her sole-proprietor business August 1, 2022. She has a business vehicle used from August 1, 2022, through December 31, 2022. During this time
Ruth started her sole-proprietor business August 1, 2022. She has a business vehicle used from August 1, 2022, through December 31, 2022. During this time period, Ruth had $3,500 in actual vehicle costs (tires, oil change, gasoline, etc) as well as 10,000 business miles. For 2022, she should deduct $9,750 for vehicle expense on Schedule C.
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