mmmiccio
New Member

How do I roll the cost basis of my old, fully depreciated business car, into my newer replacement vehicle?

I used my 2004 business car as a trade in for a 2016 business car, in late 2018. It seems that form 8824, like kind exchange, is not for vehicles. Also, turbo tax calculated that I need to recapture the full amount of the depreciation taken, instead of rolling the basis into the new car.