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For 7 years I used my truck ave of 79% bus miles. Last year the ONLY miles on it were for the major repairs it required. Can I count 79% of expenses as business expense?
For the past 4 years or so I have taken the actual expenses, rather than standard rate. The axle broke last year, and then the cylinder rusted through while it was sitting. All the expense I put into it was with the intention that I could use it for my business. Can I count 79% of those expenses as a business expense since that was the average business use of the truck over the previous 6 years? The sole purpose of the repairs was for the sake of getting it going for the business.
Thanks.
‎June 6, 2019
2:09 AM