we had a car that was used partially for biz, partially for personal. took standard mileage.
bought in 2013 for $16240
used in business A: 2013 - 2020
used in business B: 2021 - 2023
also used partially in business C: 2023 (opened and closed biz in the same year)
sold car in 2023 for $6500
depreciation taken was over $18k (up to 2020 already reached over 18k, so i stopped calculating)
and how do i handle the numbers for the sale? do i have to go into each business and portion out the sale price of the car? and the Prior Depreciation Equivalent? it's obvious that i've claimed more than the value of the car, within the usage under business A alone. can i do the deduction of the car just in business A instead of all 3? or how do i handle this?
thanks.
