Show FEDERAL I INCOME CO TAX ReDUCTIONS ALLOWED MOTORISTS 0 T 0 R I S T S e has has bee been baen recognized automobile the e The necessity by ed cd A n as a business o- o and many items federal expense may of ilc from oP operating grOSS g moss ng income on be deducted x xe r I Ie e In Ta Ta Tn Returns accord accord- accord rg rg to the legal department of th the State Automobile association Toe following summary his been d das as a guide for those motor motor- motorIst motorist 1st who ho must make Income fa Ta TIe Re Re 4 r r- r rA A All An sumS D pud tid ld during the calendar year vear a as registration fl fees s Drivers DrIven nd end licenses St c tc personal persona p cr erty fixes h and municipal ta cs i in B n T T c e total sum p paid ld a a- a aa a gas gas where it Il consumers consumer's tt ti ere is a ia tt under the law v as in Utah C Interest on money borro cd ed for the purchase hose of in an used for fer either cither business or pleasure D All operating and m e an me e ep expenses ns-es ns including u any figured at 20 per cent per on automobiles used wholly for or i a pro rata r sh shire rc of such uch c expenses the uc c where a passenger er cat cai is used more than 50 pet pel cent for business E Automobile insurance nce on auto used foi fOl business pur pur- purposes purposes purposes poses un o o pen losses sustain sustain- sustained sustained ed ed b by reason of mr d ge to rny my auto auto- auto pleasure or business use G D Damage pain paia for injuries to of persons person 01 desh destruction provided the thc Iet Ie lc it t the tune time of if the accident was b being mg used for bu mess II H The amount of finance barges on tro lutO-tro lles ilea iles huh h ers corers risk on the loan but not the amount covering the on in insurance to protect the finance fin company's interest 1 I Loss sustained where here an m auto auto- auto I used for business purposes is 13 traded in m for a new car IMPORTANT ITEMS or OF J E l IA I MAY Y NOT BE I DEDUCTED i iA A The amount pud p for foi an auto auto- auto auto- automobile nubile mobile used for c a ther business s or ori I i this being a cy- cy c and subject ct to claim for forI where the automobile ms IS I used for business 5 purposes I IB B Loss sustained where here an mobIle nobile ls d for pleasure is traded I o for Sor i a new cat cal |