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Was the car used for personal or business purposes?
For personal use, if you sold the car for less than you purchased it, then there is nothing to report. For a car used in business you would record the sale under your business assets.
Was the car used for personal or business purposes?
For personal use, if you sold the car for less than you purchased it, then there is nothing to report. For a car used in business you would record the sale under your business assets.
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