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Closing business and need to transfer vehicle from LLC to self
I am closed my LLC , but i have a car registered to it. Bought the car for 58K - and I have depreciated around 36K in 2 years, Should i sell the car to myself for 22K in books ? Also, looking into future - after using the car for 3- 4 years I give it to my Dad or sell it via craigslist to private party what happens then in taxes?
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‎November 7, 2023
9:37 PM