Community
:
Discussions
:
Taxes
:
Deductions & credits
:
After buying a boat (for the business) for 5K, I want to sell it for 5K, but it depreciated for example by 1K it is worth 4k. Do I pay taxes on the 4K or the 1K?
mindbodyboat2
Level 1
Mark as New
Bookmark
Subscribe
Subscribe to RSS Feed
Permalink
Print
Report Inappropriate Content
After buying a boat (for the business) for 5K, I want to sell it for 5K, but it depreciated for example by 1K it is worth 4k. Do I pay taxes on the 4K or the 1K?
Topics:
TurboTax Deluxe Online
‎October 18, 2022
3:56 PM
