The car I have used for business was "totaled" and taken out of service in April of 2018, what number should be entered on line 33 Schedule C for 179?

posted

Connect with an expert

1 Reply

The car I have used for business was "totaled" and taken out of service in April of 2018, what number should be entered on line 33 Schedule C for 179?

Line 33 on the Schedule C is for valuing inventory.

Line 13 is for reporting a 179 deduction, but that would only be taken the year the vehicle was placed into service.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post