Quote:
|
Originally Posted by P-K
are you guys familiar with how to deduct car use for business? Lets say i use my car for 50% business, 50% personal... the car cost me 22k, any thoughts what can be done with that?
|
Well hopefully you kept a detailed mileage log book in your car at all times.
Mileage book should also state all service, repairs, gas expenses, tolls, parking fees, etc. Typically you would just chart down all business mileage and ignore personal mileage. Yet record all service fees, repairs, gas expenses, tolls, parking fees, and so on.
This will give you documented proof of what percentage your vehicle was used business wise.