jose purchased a vehicle for business use. in 2023, he used the vehicle 16500 miles...

60.1K

Verified Solution

Question

Accounting

jose purchased a vehicle for business use. in 2023, he used the vehicle 16500 miles (80%) for business and calculated his vehicle expenses using the standard mileage rate (mileage was incurred ratably throughout the year) he paid 1500 in interest and 145 in property taxes on the car. calculate the total deductions for schedule c and schedule a

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students