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Deductions & credits
If you no longer have a business vehicle, you would indicate that in the Vehicle portion of Schedule C. You may have sold it, donated it or destroyed it, but if you no longer use it for any reason, you must say why. If you sold it, you will have either a gain or loss on the sale.
Once you have worked through the entire section for the old vehicle, return and enter the new one.
‎February 15, 2023
6:50 AM