Publication 463

[javatax14]

Is this publication is wrong why is it on the IRS Website they should remove it. just saying. 

What happens if a vehicle goes to personal use and gets traded later does that matter anywhere. I don't see why it would but who knows since am told this publication is wrong. What other publications are wrong?

[tagteam]

There have been errors in other IRS publications (and instructions) over the years. 

They are not authoritative but following them at least prohibits the IRS from assessing penalties and interest if they turn out to be wrong in some respect.

Your trade-in would be considered a sale since there are no more like-kind exchanges of personal property after tax reform (for the 2018-2025 tax years). Whether you have a taxable event depends upon what type of cost recovery you used (e.g., actual expenses with depreciation or standard mileage).