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Forum: Automobile Expenses
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Re: Vehicle purchase and deduction

Keep in mind that you must document your business mileage and total mileage to determine what percentage of your use is deductible. Also keep in mind that if your business use falls below 50%, you cannot make the Expensing Election (Section 179) that would get you to the $25,000 deduction.

Zip Code: 43085

Re: Vehicle purchase and deduction - by Paul - Feb 1, 2010 6:42pm