- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
The sale price would be what you sold the vehicle for, $24,000 in this case, times the business use percentage. So, if you used it 80% for business, the sales price you enter would be $19,200 ($24,000 x .80). Sales expenses would be any cost that were deducted from the sales price. The loan payments would have no affect on this.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎January 31, 2024
11:30 AM