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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.
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‎June 4, 2019
5:38 PM