In April 2001 he purchased a Toyota Tacoma pickup for $22, 500. ... Taxpayers who choose to use the standard mileage rate for the first year an owned vehicle is placed in service may ... Since James is self-employed, he is permitted to deduct any interest expense related to the vehicle on his Schedule C. Example 3.
Title | : | Farm Income Tax Schools Workbook |
Author | : | |
Publisher | : | - 2001 |
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