PDF Tax Depreciation of Vehicles - Aipb

taxable income. Instead she must limit her depreciation of the vehicle to 80% of the cost basis (because she used the car 80% for business). For example, if Jane's car has a cost basis of $20,000, she can depreciate only $16,000 ($20,000 cost basis × 80% business use). Her deduction of other vehicle costs (gas, repairs, ................
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