- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Car was used for business and sold it. How do I determine gain or loss. Adjusted basis (cost when placed in busines less depreciation) was less than sale price?
The business use percentage varied but averaged 35%. The car was worth 22,000 when put into business use, I took a total of 6,000 business depreciation over the years, and sold it for 15,000
Topics:
‎February 7, 2023
4:28 AM