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Do i need to record sale of car for $500, if i didn't use it in 2020 for partial business use, to drive to my 2 rentals

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Do i need to record sale of car for $500, if i didn't use it in 2020 for partial business use, to drive to my 2 rentals

You do need to report it if you used it prior to 2020 for your rentals. Your depreciation has lowered to basis, and it should be reported.

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