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Deductions & credits
Basis of the vehicle is fmv when placed in service minus depreciation. So $22,000 -6000= $16,000 and sold for $15,000 creates a loss of $1,000. You may have had selling expenses to include, an ad, broker, etc.
In the program, mark that you sold the car, enter the date and amount.
See:
How do I edit or delete the sale of a business property I've already entered (Form 4797)?
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‎February 7, 2023
8:47 AM
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