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Author: kubbi One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 118626  
Subject: New Vehicle As Business Expense Date: 6/18/2001 3:43 PM
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My wife uses our newly purchased vehicle almost exclusively for her real estate business. Can we depreciate it AND claim the standard mileage deduction, or must we choose ONE of the methods?

Also, must she track all her business use, or can we both track ONLY the non-business use, which is much less and easier, and use the difference from total mileage as the business portion? (I bet I know the answer to this one :) i.e. "IRS" does not equal "easy"!)

Lastly, what about deductability of repairs/maintenance expenses? Can this be in addition to the depreciation and/or the standard mileage deduction?

Thanks in advance for the feedback.

John

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