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Deductions & credits
I have been deducting the business mileage each year (which varies) and it amounts to approx. 10% of the total, with the remainder being personal use. As it appears, I must now use that mileage amount as a deduction against the trade-in value of the vehicle for a new vehicle in which I will do the same, roughly 10% of the annual miles for business use.
‎February 12, 2020
11:43 AM