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Deductions & credits
Thank you for the information. But I’m still confused with TurboTax. Basically I drove 220k miles over 5 years and the mileages varied every years. And I used standard mileage deduction.
I purchased it in August 2015 for $38000 and sold it for $6000 in September 2020. 220k miles on the clock. Can you give me a formula or a calculation method. Thanks
March 5, 2021
6:49 PM