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20jojo21
Returning Member

Used my car for biz 2021. Actual expenses. Traded in jan 8 2022. 95 % used for biz. How do i figure out Car insurance deduction ? For my 2022 tax return.

 
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3 Replies

Used my car for biz 2021. Actual expenses. Traded in jan 8 2022. 95 % used for biz. How do i figure out Car insurance deduction ? For my 2022 tax return.

Did you use a car for business in 2022 and did you make an insurance payment?

20jojo21
Returning Member

Used my car for biz 2021. Actual expenses. Traded in jan 8 2022. 95 % used for biz. How do i figure out Car insurance deduction ? For my 2022 tax return.

Yes, made insurance payment & drove for business from January 1 thru 8 th. 95% of miles used for business.

20jojo21
Returning Member

Used my car for biz 2021. Actual expenses. Traded in jan 8 2022. 95 % used for biz. How do i figure out Car insurance deduction ? For my 2022 tax return.

And traded in vehicle jan 8, 2022. Purchased another. vehicle. 

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