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    Federal Taxation
  4. Exam
    Exam 9: Deductions: Employee and Self-Employed-Related Expenses
  5. Question
    Carol Is Self-Employed and Uses Her Automobile Solely in Her
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Carol Is Self-Employed and Uses Her Automobile Solely in Her

Question 104

Question 104

True/False

Carol is self-employed and uses her automobile solely in her business. If she uses the actual expense method to compute expenses, she can include any interest paid on the loan taken out to purchase the car.

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