thanks for replying, As you stated, I am not concerned about the tax implications of that extra $10. I just want my taxes to be correct, and accepted. As you put it, I want to avoid trouble.
You looked over the worksheets, so if you think I've correctly entered the vehicle info I think I will go ahead and file. Just want to get it done! Lol.
I just wanted to make sure that I was handling the sale properly, And it seems I am, as I only got $400 from the junkyard, and used 25% business usage to arrive at a $100 gain ($400 x 0.25 = $100). So I pay tax on that $100. That all makes sense - right? (And it does not matter that I depreciated the car by $1300 over it's life - right?)
Thanks
