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Get your taxes done using TurboTax
@DianeW777 One more question regarding the cost basis:
I didn't immediately use this vehicle for business and actually three years later I started to use it for rental properties.
When I initially used the rental property interview, it said that "If you do not immediately use the vehicle for business, the cost will generally be the fair market value oft he vehicle at the time when you placed in in service." but you said I should use the original actual cost.
I am confused.
‎February 21, 2024
12:18 PM