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Thomas purchased a car for business and personal use. In 2020, he used the car 60% for business and used the standard mileage rate to
Thomas purchased a car for business and personal use. In 2020, he used the car 60% for business and used the standard mileage rate to calculate his vehicle expenses. His total miles in 2020, for both personal and business use, was 15,000 miles. He also paid $2,000 in interest and $500 in county property tax on the car. 6. What is the total business deduction related to business use of the car rounded to the nearest dollar
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