njohn
New Member

Trying to determine if i can write off a loss for 2 Business Cars. Car A with a cost basis of 8,091.72 - Sold for 6k and Car B with a basis of 12,748.92 - Sold for 10k

Car A - 37,024 Business Miles - 63% Miles were business use - Car Cost 23,430 - calculated a total of 10586.16 deprecation took through the standard mile deduction (Car used in 2022-2025) Car B - 17,576 Business miles - 58% Business use- Car Cost 27,178.00 - Calculated a total deprecation taken of 5,197.10 (Car Used 2023-205)