MichaelDC
New Member

Deductions & credits

Yes. Start to depreciate 09/2017 using the Fair Market Value of the car as of that date. Generally, that's the price a willing buyer would pay a willing seller, assuming neither party is being forced to buy/sell and both parties have reasonable knowledge about the condition of the vehicle.

The most accurate method is to look for private party ads for similar vehicles for sale in your area. If you can't find sales ads for similar vehicles, you can use industry pricing guides like Edmunds or Kelley Blue Book.

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