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Deductions & credits
You can report the sale on whichever schedule C you have the vehicle listed on. If it is just listed on your schedule C, then record it there, or if you have it on both schedule C's, then you have to divide things by 2.
You would multiply the $20,221 by 7.71% if that is your your business use percentage and that would be your sales proceeds.
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‎January 29, 2020
2:33 PM