Form 2106 (2004)--Page 2. Summary: This is an example of Form 2106 (2002), page 2,
“Part II: Vehicle Expenses” as pertains to the example in the text. The line items completed are:
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Under
“Section A--General Information”:
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“11. Enter the date the vehicle was placed in service: (a) Vehicle 1” field contains 1/6/02
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“12. Total miles the vehicle was driven during 2002: (a) Vehicle 1” field contains 20,000 miles
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“13. Business miles included on line 12: (a) Vehicle 1” field contains 14,000 miles
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“14. Percent of business use. Divide line 13 by line 12: (a) Vehicle 1” field contains 70%
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“15. Average daily round trip commuting distance: (a) Vehicle 1” field contains 10 miles
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“16. Commuting miles included on line 12: (a) Vehicle 1” field contains 2,400 miles
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“17. Other miles. Add lines 13 and 16 and subtract the total from line 12: (a) Vehicle 1” field contains 3,600 miles
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“18. Do you (or your spouse) have another vehicle available for personal use? No” checkbox checked
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“19. Was your vehicle available for personal use during off-duty hours? Yes” checkbox checked
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“20. Do you have evidence to support your deduction? Yes” checkbox checked
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“21. If Yes, is the evidence written? Yes” checkbox checked
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Under
“Section C--Actual Expenses”:
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“23. Gasoline, oil, repairs, vehicle insurance, etcetera: (a) Vehicle 1” field contains 3,080
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“26. Add lines 23, 24c, and 25: (a) Vehicle 1” field contains 3,080
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“27. Multiply line 26 by the percentage on line 14: (a) Vehicle 1” field contains 2,156
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“28. Depreciation. Enter amount from line 38 below: (a) Vehicle 1” field contains 5,362
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“29. Add lines 27 and 28. Enter total here and on line 1: (a) Vehicle 1” field contains 7,518
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Under
“Section D--Depreciation of Vehicles”:
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“30. Enter cost or other basis (see instructions): (a) Vehicle 1” field contains 18,500
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“31. Enter section 179 deduction and special allowance (see instructions): (a) Vehicle 1” field contains 3,885
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“32. Multiply line 30 by line 14 (see instructions if you claimed the section 179 deduction or special allowance): (a) Vehicle
1” field
contains 9,065
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“33. Enter depreciation method and percentage (see instructions): (a) Vehicle 1” field contains 200DB 20%
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“34. Multiply line 32 by the percentage on line 33 (see instructions): (a) Vehicle 1” field contains 1,813
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“35. Add lines 31 and 34: (a) Vehicle 1” field contains 5,698
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“36. Enter the limit from the table in the line 36 instructions: (a) Vehicle 1” field contains 7,660
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“37. Multiply line 36 by the percentage on line 14: (a) Vehicle 1” field contains 5,362
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“38. Enter the smaller of line 35 or line 37. Also enter this amount on line 28 above: (a) Vehicle 1” field contains
5,362
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