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Maria is self-employed. she works as a bookkeeper. Maria owns a 2017 Acura. She started to use the Acura for her business on January 1, 2020. She drove 2,050 business miles during 2020 (she has documentation to verify). She drove the vehicle for a total of 10,000 miles during the year (7,950 personal miles). She also has access to another vehicle that she can use for personal purposes.
Problem 1: Maria drove 2050 miles used in business, So can deduction in schedule c as "auto-expense"? 2050 miles * 0.58?
Selected financial data for Squid Company are as follows:
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