Section 179 Example
In the Section 179 example above, should the total mileage driven be 16,000 instead of 12,000? If the total mileage driven were 12,000 and the business portion were 9,000, the business usage would be 75%. 16,000 total miles makes 56.25% the correct business use percentage.
Hi B Rich,
Thanks for visiting the forum and for bringing this to our attention. We’ll have someone take a look at it.
Disclaimer: We spend hours researching and writing our articles and strive to provide accurate, up-to-date content. However, our research is meant to aid your own, and we are not acting as licensed professionals. We recommend that you consult with your own lawyer, accountant, or other licensed professional for relevant business decisions. Click here to see our full disclaimer.
Product or company names, logos, and trademarks referred to on this site belong to their respective owners.