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Deductions & credits
But what if you used standard mileage but you didn't consider it a business vehicle? For example, I always use my vehicle less than 50% of the time for business. My car insurance company does not consider that it's a business vehicle in that instance.
Does that mean you still have to do the recapture upon sale?
Then the next question is, is it even worth taking the business mileage if you're going to take a hit when you sell it?
Thank you.
‎October 5, 2022
11:30 AM