Calculate Marc transportation expense deduction

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Problem - Marc Lusebrink, sole proprietor of Oak Company, bought a used automobile and drove it 13,120 miles for business during 2019 and a total (including business miles) of 16,000 miles. His total expenses for his automobile for the year are:

Gasoline $2,061

Oil changes 92

Insurance 1,030

Tires 225

Repairs 620

Total $4,028

The automobile cost $20,000 on January 1, and depreciation expense for the year, including business use, was $4,000. His business parking and toll fees for business amount to $327. Calculate Marc's transportation expense deduction for the year.

Reference no: EM132674513

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