Anonymous
Not applicable

Deductions & credits

enter the full sales price  and then check the gain

say original cost $25,000 business depreciation was $13000.

your business basis is $25,000* 80% = or $20,000 less business depreciation of $13,000   net business basis $7,000


80% of $7,000 sales price $5,600 allocated to business so   loss of $1,400 

20%  personal = $1400

personal portion $5,000 less depreciation computed based on IRS tables for persona mileage gives you net value personal portion  if net value greater than $1400 the loss is not deductible 


what's bass is that TT probably can't handle this 

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