Tax Deduction For Classic Antique Cars Used In Business
Have you considered buying an antique or a classic car versus a new car as a business-use vehicle? Let’s say a 1972 Pontiac GTO versus a 2019 Lexus GS. Let’s start with a You must not have claimed actual expenses after 1997 for a car you lease. To use the standard mileage rate for a car you own, you must choose to use it in the first
KROUPA, Judge: Respondent determined deficiencies of $431,114 1 for 1999 2 and $113,390 for 2000 in petitioner's Federal income taxes. The issue to be decided is *Monthly payment of $2,442.60 based on a purchase price of $305,000.00 with 20% down and 8.78% APR financing for 180 months. Typical bank payment of $4,108.26 based
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