RobertB4444
Expert Alumni

Deductions & credits

When you sell the car you're going to have a gain based on business use.  Since you don't have the 179 recapture on your tax return this year then you will owe that recapture at the time of sale.  Keep track of your business use percentages (including this year's 13%) so that you can calculate business use percentage over the life of the car to figure out what percentage of the sale price is taxable income.  

 

@nancylin 

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