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Mariluise
New Member

disposition of vehicle used partly for business

Traded in a 27-year old vehicle (for $400) for a used 2015 Camry. The old vehicle was used partly for business, a different percentage of use of every year, so the depreciation basis was different each year.
How do I determine “business basis” for depreciation for Disposition Calculation?Traded in a 27-year old vehicle (for $400) for a used 2015 Camry. The old vehicle was used partly for business, a different percentage of use of every year, so the depreciation basis was different each year.
How do I determine “business basis” for depreciation for Disposition Calculation?Traded in a 27-year old vehicle (for $400) for a used 2015 Camry. The old vehicle was used partly for business, a different percentage of use of every year, so the depreciation basis was different each year.
How do I determine “business basis” for depreciation for Disposition Calculation?Traded in a 27-year old vehicle (for $400) for a used 2015 Camry. The old vehicle was used partly for business, a different percentage of use of every year, so the depreciation basis was different each year.
How do I determine “business basis” for depreciation for Disposition Calculation?Traded in a 27-year old vehicle (for $400) for a used 2015 Camry. The old vehicle was used partly for business, a different percentage of use of every year, so the depreciation basis was different each year.
How do I determine “business basis” for depreciation for Disposition Calculation?Traded in a 27-year old vehicle (for $400) for a used 2015 Camry. The old vehicle was used partly for business, a different percentage of use of every year, so the depreciation basis was different each year.
How do I determine “business basis” for depreciation for Disposition Calculation?Traded in a 27-year old vehicle (for $400) for a used 2015 Camry. The old vehicle was used partly for business, a different percentage of use of every year, so the depreciation basis was different each year.
How do I determine “business basis” for depreciation for Disposition Calculation?Traded in a 27-year old vehicle (for $400) for a used 2015 Camry. The old vehicle was used partly for business, a different percentage of use of every year, so the depreciation basis was different each year.
How do I determine “business basis” for depreciation for Disposition Calculation?Traded in a 27-year old vehicle (for $400) for a used 2015 Camry. The old vehicle was used partly for business, a different percentage of use of every year, so the depreciation basis was different each year.
How do I determine “business basis” for depreciation for Disposition Calculation?Traded in a 27-year old vehicle (for $400) for a used 2015 Camry. The old vehicle was used partly for business, a different percentage of use of every year, so the depreciation basis was different each year.
How do I determine “business basis” for depreciation for Disposition Calculation?Traded in a 27-year old vehicle (for $400) for a used 2015 Camry. The old vehicle was used partly for business, a different percentage of use of every year, so the depreciation basis was different each year.
How do I determine “business basis” for depreciation for Disposition Calculation?Traded in a 27-year old vehicle (for $400) for a used 2015 Camry. The old vehicle was used partly for business, a different percentage of use of every year, so the depreciation basis was different each year.
How do I determine “business basis” for depreciation for Disposition Calculation?Traded in a 27-year old vehicle (for $400) for a used 2015 Camry. The old vehicle was used partly for business, a different percentage of use of every year, so the depreciation basis was different each year.
How do I determine “business basis” for depreciation for Disposition Calculation?Traded in a 27-year old vehicle (for $400) for a used 2015 Camry. The old vehicle was used partly for business, a different percentage of use of every year, so the depreciation basis was different each year.
How do I determine “business basis” for depreciation for Disposition Calculation?Traded in a 27-year old vehicle (for $400) for a used 2015 Camry. The old vehicle was used partly for business, a different percentage of use of every year, so the depreciation basis was different each year.
How do I determine “business basis” for depreciation for Disposition Calculation?Traded in a 27-year old vehicle (for $400) for a used 2015 Camry. The old vehicle was used partly for business, a different percentage of use of every year, so the depreciation basis was different each year.
How do I determine “business basis” for depreciation for Disposition Calculation?Traded in a 27-year old vehicle (for $400) for a used 2015 Camry. The old vehicle was used partly for business, a different percentage of use of every year, so the depreciation basis was different each year.
How do I determine “business basis” for depreciation for Disposition Calculation?Traded in a 27-year old vehicle (for $400) for a used 2015 Camry. The old vehicle was used partly for business, a different percentage of use of every year, so the depreciation basis was different each year.
How do I determine “business basis” for depreciation for Disposition Calculation?Traded in a 27-year old vehicle (for $400) for a used 2015 Camry. The old vehicle was used partly for business, a different percentage of use of every year, so the depreciation basis was different each year.
How do I determine “business basis” for depreciation for Disposition Calculation?Traded in a 27-year old vehicle (for $400) for a used 2015 Camry. The old vehicle was used partly for business, a different percentage of use of every year, so the depreciation basis was different each year.
How do I determine “business basis” for depreciation for Disposition Calculation?Traded in a 27-year old vehicle (for $400) for a used 2015 Camry. The old vehicle was used partly for business, a different percentage of use of every year, so the depreciation basis was different each year.
How do I determine “business basis” for depreciation for Disposition Calculation?Traded in a 27-year old vehicle (for $400) for a used 2015 Camry. The old vehicle was used partly for business, a different percentage of use of every year, so the depreciation basis was different each year.
How do I determine “business basis” for depreciation for Disposition Calculation?Traded in a 27-year old vehicle (for $400) for a used 2015 Camry. The old vehicle was used partly for business, a different percentage of use of every year, so the depreciation basis was different each year.
How do I determine “business basis” for depreciation for Disposition Calculation?Traded in a 27-year old vehicle (for $400) for a used 2015 Camry. The old vehicle was used partly for business, a different percentage of use of every year, so the depreciation basis was different each year.
How do I determine “business basis” for depreciation for Disposition Calculation?Traded in a 27-year old vehicle (for $400) for a used 2015 Camry. The old vehicle was used partly for business, a different percentage of use of every year, so the depreciation basis was different each year.
How do I determine “business basis” for depreciation for Disposition Calculation?Traded in a 27-year old vehicle (for $400) for a used 2015 Camry. The old vehicle was used partly for business, a different percentage of use of every year, so the depreciation basis was different each year.
How do I determine “business basis” for depreciation for Disposition Calculation?Traded in a 27-year old vehicle (for $400) for a used 2015 Camry. The old vehicle was used partly for business, a different percentage of use of every year, so the depreciation basis was different each year.
How do I determine “business basis” for depreciation for Disposition Calculation?Traded in a 27-year old vehicle (for $400) for a used 2015 Camry. The old vehicle was used partly for business, a different percentage of use of every year, so the depreciation basis was different each year.
How do I determine “business basis” for depreciation for Disposition Calculation?Traded in a 27-year old vehicle (for $400) for a used 2015 Camry. The old vehicle was used partly for business, a different percentage of use of every year, so the depreciation basis was different each year.
How do I determine “business basis” for depreciation for Disposition Calculation?Traded in a 27-year old vehicle (for $400) for a used 2015 Camry. The old vehicle was used partly for business, a different percentage of use of every year, so the depreciation basis was different each year.
How do I determine “business basis” for depreciation for Disposition Calculation?Traded in a 27-year old vehicle (for $400) for a used 2015 Camry. The old vehicle was used partly for business, a different percentage of use of every year, so the depreciation basis was different each year.
How do I determine “business basis” for depreciation for Disposition Calculation?Traded in a 27-year old vehicle (for $400) for a used 2015 Camry. The old vehicle was used partly for business, a different percentage of use of every year, so the depreciation basis was different each year.
How do I determine “business basis” for depreciation for Disposition Calculation?Traded in a 27-year old vehicle (for $400) for a used 2015 Camry. The old vehicle was used partly for business, a different percentage of use of every year, so the depreciation basis was different each year.
How do I determine “business basis” for depreciation for Disposition Calculation?Traded in a 27-year old vehicle (for $400) for a used 2015 Camry. The old vehicle was used partly for business, a different percentage of use of every year, so the depreciation basis was different each year.
How do I determine “business basis” for depreciation for Disposition Calculation?Traded in a 27-year old vehicle (for $400) for a used 2015 Camry. The old vehicle was used partly for business, a different percentage of use of every year, so the depreciation basis was different each year.
How do I determine “business basis” for depreciation for Disposition Calculation?Traded in a 27-year old vehicle (for $400) for a used 2015 Camry. The old vehicle was used partly for business, a different percentage of use of every year, so the depreciation basis was different each year.
How do I determine “business basis” for depreciation for Disposition Calculation?Traded in a 27-year old vehicle (for $400) for a used 2015 Camry. The old vehicle was used partly for business, a different percentage of use of every year, so the depreciation basis was different each year.
How do I determine “business basis” for depreciation for Disposition Calculation?




































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1 Reply
DianeW777
Employee Tax Expert

disposition of vehicle used partly for business

The business basis can be calculated using the information below. Enter your business vehicle sale using the information and steps provided after you do your calculations.

 

The way to report the sale is as follows. You have all the records so it should provide you the detail to move forward.

  1. All business miles for all years and then total miles for all years - divide business miles by total miles to arrive at your overall business use percentage for the life of the vehicle. You will use this percentage times the selling price to arrive at the business selling price. 
  2. Use the depreciation you actually deducted each year your vehicle was used for your business. 
  3. When go to the vehicle information under your business you can select 'Sold, disposed of, etc....' then do not indicate it was sold.  You must say 'Yes' it was converted to personal use.  This will eliminate any sales information in the vehicle itself.

Next report your sale --Sale of Business Property

  1. Income at the top
  2. Scroll down to Other Business Situations
  3. Select Sale of Business Property
  4. Select Sales of business or rental property that you haven't already reported.
  5. Answer 'Yes' to Do all of the following apply...?
  6. Enter your sales information, do not make an entry for depreciation (no zeros)
    1. Description of the Property (Vehicle made/model/year)
    2. Sales Price/Sales Expenses 
    3. Date acquired and date sold
    4. Cost
    5. Depreciation
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