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Get your taxes done using TurboTax
I'm not sure what that calculation is supposed to represent. Is that a 30% accelerated depreciation deduction? What is the 25% for?
A straight line depreciation deduction on a vehicle is a five year deduction. So you get roughly 20% of the value of the car's business use each year for five years.
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‎February 25, 2025
9:41 AM