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Deductions & credits
I am self-employed. I purchased a new car in 2015 for $20,000. My car was stolen in 2023. Insurance reimburse me $9,000. Over the 10 years I use standard mileage deductions. I used the $9,000 to purchase another car. Will I have to pay recapture gains on my taxes. How do I report this
‎April 12, 2024
10:41 AM