Depreciation - Mileage Rate

Collapse
X
Collapse
 
  • Page of 1
  • Time
  • Show
Clear All
new posts
Previous template Next
  • Snaggletooth
    Senior Member
    • Jun 2005
    • 3314
    #1

    Depreciation - Mileage Rate

    For 2009, how much is the depreciation element in the standard mileage rate?

    The depreciation per mile cannot be used for a piecemeal deduction calculation, but is used to calculate basis.

    Thanks, Snag
    Tags: None
    • zeros
      Senior Member
      • Dec 2006
      • 921
      #2
      Depreciation-Std Mileage Rate

      It is .21 cents for 2008-2009. This is the depreciation included in standard mileage rate. 2010 is yet to be announced.

        Comment

        Previous template Next

        Disclaimer

        Collapse

        This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

        Working...