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Old 02-26-2013, 12:30 PM
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Join Date: Feb 2011
Location: Mars
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Quote:
Originally Posted by TomCopeland View Post
MM is calculating your actual use % of car insurance based on the number of business miles you drove divided by the total number of miles you drove - 20%.

You can deduct 100% of the cost of any additional insurance you purchased for your business.
I guess what I dont understand, is how MMK is coming up with that formula of 20%. When I go to my miles driven for the DC vs. personal use, it is about 60% business, not 20%. I do have a 3rd vehicle that I use on a daily basis.

I only use my DC vehicle when we go on family vacations or I have to transport several people, which is almost never. I never use it on a daily basis for personal usage.

I am really lost here....
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