- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
You would take your business use percentage times the sales price to determine the sale amount to enter in TurboTax. So, $20,221.81 times 50% (if that is the business use percentage) would give you the sale amount to enter in TurboTax.
It wouldn't matter who drove the vehicle, the business miles divided by the total miles put on the vehicle would determine the business use percentage.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎January 28, 2020
2:36 PM