In: Accounting
Which of the following taxpayers may claim the standard mileage rate?
Kamila, a sole proprietor, drove her new automobile 3,199 miles for business in 2020. She kept a contemporaneous record of her mileage.
Merlin, a sole proprietor, drove his 2018 automobile 15,832 miles for his business in 2020. He has been using actual expenses since he put the vehicle into service.
Joyce is a volunteer at the American Red Cross in her community. She estimates she drove at least 2,000 miles during 2020 for her volunteer work.
Sally, a reserve member of the Armed Forces, moved 1,956 miles to be closer to her aging parents.