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https://www.irs.gov/taxtopics/tc510
Feb 11, 2020 · Topic No. 510 Business Use of Car If you use your car only for business purposes, you may deduct its entire cost of operation (subject to limits discussed later). However, if you use the car for both business and personal purposes, you may deduct only the cost of its business use.
https://fitsmallbusiness.com/car-depreciation-deduction/
Jan 07, 2019 · Can I Depreciate My Car if I Use It 50% or Less for Business? If the business use percentage for your car is 50% or less, you can still take a deduction for car depreciation. In this situation, you calculate your car depreciation using the straight-line method over five years. Also, this car would not be eligible for the Section 179 deduction ...
https://ttlc.intuit.com/community/tax-credits-deductions/discussion/how-does-uber-driver-calculate-car-value-depreciation-for-tax-deduction-purpose/00/70358
How does Uber driver calculate car value depreciation for tax deduction purpose? My understanding is as a uber driver, I could either take standard mileage rate deduction or actual expense deduction, on top of either one I can also deduct car value a portion of depreciation (for me it's 2 out of 7 days) which could be $1000 a year for a car ...
https://www.hurdlr.com/deductions/car-depreciation-tax-deductions
Car Depreciation Tax Deductions. If you own your business vehicle, you can deduct the cost / value of your car over a 5 year period through depreciation. There are a few different ways you can depreciate your vehicle, the main difference is how you spread the deprecation expense out over a five year period.
https://www.trustedchoice.com/insurance-articles/wheels-wings-motors/car-depreciation/
A car is by far one of the best investments you can make… if you’re looking to lose money at a significant rate. Why? It all has to do with a devious little thing called “car depreciation,” which is a fickle mistress that can leave your car feeling insecure and worthless.
https://www.edmunds.com/car-buying/how-fast-does-my-new-car-lose-value-infographic.html
The Bad News — and Some Good News — About Depreciation. The very minute that you drive a new car off a dealer's lot, it loses value. That's just a fact of life, and the infographic below gives ...
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