ilmscore | Prediction Details
"we always back out a personal portion of these expenses so for example your vehicle expenses we're always going to take out 20 25% and say hey this is personal this is not business... your trip to Estonia that when you stopped in Germany that's a personal portion we're not going to take that as a business deduction so we can't say 100% of your trip was business purposes... we're going to say I'm going to take 80% of this as a deduction I'm going to be fair"
By Minority Mindset | June 9, 2024 | Pending
From video
How Rich People Use Debt & Taxes To Get Rich(er) 00:46:09 - 00:47:08
Interpreted Prediction
When deducting business expenses like vehicles or travel, it's prudent to back out a personal portion (e.g., 20-25%) to avoid issues with the IRS and be considered fair.

Prediction Details

Topic
Business Use Percentage for Expenses

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