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Business & farm
Got it re: the basis. Question. If the vehicle, over the life of it since 2001, was only used 7.6% of the total miles on the vehicle miles for business, would the basis take that that into account? In other words, originally, the vehicle cost $35000 when purchased new and business use was first started. Could the original basis be on 7.6% of the original purchase price.
March 10, 2023
3:11 PM