MinhT
Expert Alumni

Deductions & credits

Expenses which are identifiable as personal expenses such as parking fees while on vacation and toll fees for private use are not deductible.

On the other hand, those same expenses incurred for your business are 100% deductible.

Only expenses such as gas, repairs, insurance, depreciation which are common between business and personal use are prorated.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post