Jackie uses his personal vehicle in his sole proprietorship. He keeps no records of any kind...
Jackie uses his personal vehicle in his sole proprietorship. He keeps no records of any kind regarding his business use of the car and doesn't really know for certain when and where he used the automobile for business. Jackie will not be claiming the EITC this year. Which of the following is correct?
Homework Answers
The owner can choose to use either the actual expense method or the standard mileage rate method subject to the rules outlined above.
But since he keeps no records of any kind regarding his business use of the car and doesn't really know for certain when and where he used the automobile for business so Jackie cannot deduct any vehicle expense.
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Jackie uses his personal vehicle in his sole proprietorship. He
keeps no records of any kind...
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