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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.
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‎June 3, 2019
6:04 PM