I salvaged a personal vehicle used for business. Do I report this as a "sale"?

About 40% of the vehicle use was for business (I have always taken the standard mileage deduction, so I'm not sure why TT is calculating a loss on this for the business, since it was a personal vehicle.

posted

Yes. Report it as a sale for zero dollars (or whatever the salvage company gave you for it).

@hoch-horticulture

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The form Does not let me edit dependents. Where do I put unemployed significant other on the form

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I salvaged a personal vehicle used for business. Do I report this as a "sale"?

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