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Business expense - vehicle
I stopped using my car for business in 2020 and bought a new truck. I did not sell it and I did not convert i for for my personal use. My wife uses it now. I have only used standard mile deduction over the years (not actual expenses). No depreciation was ever claimed. Percentage of use has varied over the years. TT keeps asking how much I sold it for, recapture, gains/losses How do I get out of this loop?
Thank you.
May 1, 2021
10:14 AM