Question 13 of 15. In 2022, all of the following taxpayers placed a...
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Question of In all of the following taxpayers placed a car into service for their Schedule C sole proprietorship. In all cases, the car was used partly for personal purposes and partly for business purposes. Which of the following taxpayers is permitted to calculate automobile expenses in the manner described? In Gloria used the actual expense method, including depreciation using the straightline method. For she would like to use the standard mileage rate. In Mark used the actual expense method, including depreciation under "regular" MACRS declining balance depreciation. For he would like to use the standard mileage rate. In Talisa used the standard mileage rate. For she would like to use the actual expense method and depreciate the car using the straightline method. In James used the standard mileage rate. For he would like to use the actual expense method and depreciate the car using "regular" MACRS declining balance depreciation. Mark for follow up
Question of
In all of the following taxpayers placed a car into service for their Schedule C sole proprietorship. In all cases, the car
was used partly for personal purposes and partly for business purposes. Which of the following taxpayers is permitted to
calculate automobile expenses in the manner described?
In Gloria used the actual expense method, including depreciation using the straightline method. For she would like to
use the standard mileage rate.
In Mark used the actual expense method, including depreciation under "regular" MACRS declining balance
depreciation. For he would like to use the standard mileage rate.
In Talisa used the standard mileage rate. For she would like to use the actual expense method and depreciate the car
using the straightline method.
In James used the standard mileage rate. For he would like to use the actual expense method and depreciate the car
using "regular" MACRS declining balance depreciation.
Mark for follow up
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