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Subject:  Business use of car Date:  2/2/1999  8:59 PM
Author:  jlcolon Number:  9416 of 127616

I log around 3,000 miles on my car per month. My employer pays 90% of 30 cents per mile (the 10% is estimated as personal use). Now the IRS allows 32.5 cents per mile and I know that out of the 100 miles I drive per day only 5 are for personal use. Do I claim a deduction for 95% of my milage at 32.5 cents per mile substracting the reimbursement paid by the employer on my taxes? The car reimbursement from the employer is not reported as income on my W-2; the office accountant calls it a "washout" of them indirectly paying my car/gas bills and monthly financing payments.
Any thoughts? Thanks.
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