- is it confusing to calculate the gain/loss of a vehicle when i sell it if i switch between standard mileage and actual expense from year to year? how do you figure this out?
even though turbotax advises to take the higher of the 2 methods each year, i'm hesitant, not knowing how i have to account for the numbers when i sell it down the road. for actual cost method you take the depreciation, while for the mileage method, it's already in the mileage rate.
- how do i get the blue book value of my car in a previous year? not the current worth of the car which is what most apps are providing.
thank you so much!
