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?

kinesngin_ta_ngo — Thu, 06 Jun 2019 09:09:56 GMT

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.

Claiming 79% of the repair expense is a reasonable and ac...

DDollar — Thu, 06 Jun 2019 09:09:58 GMT

Claiming 79% of the repair expense is a reasonable and acceptable way to allocate those costs.

topic 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? in Deductions & credits

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?

Claiming 79% of the repair expense is a reasonable and ac...