Ryan is self-employed.This year Ryan used his personal auto for several long business trips.Ryan paid $2,800 for gasoline on these trips. His depreciation on the
Ryan is self-employed.This year Ryan used his personal auto for several long business trips.Ryan paid $2,800 for gasoline on these trips. His depreciation on the car if he was using it fully for business purposes would be $3,000. During the year, he drove his car a total of 21,400 miles (a combination of business and personal travel). (Do not round intermediate calculations. Round your final answer to the nearest dollar amount.)
a. | Ryan can provide written documentation of the business purpose for trips totaling 6,420 miles. What business expense amount can Ryan deduct (if any) for these trips?
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