- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
The sale of a business vehicle is reported as follows:
Be sure to mark the vehicle as converted to personal use.
Next enter your Sale of Business Property
- Income at the top
- Scroll down to Other Business Situations
- Select Sale of Business Property
- Select Sales of business or rental property that you haven't already reported.
- Answer 'Yes' to Do all of the following apply...?
- Enter your sales information, do not make an entry for depreciation (no zeros)
- Description of the Property (Vehicle made/model/year)
- Sales Price/Sales Expenses
- Date acquired and date sold
- Sales Price
- Cost
- Depreciation
**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"
‎February 22, 2025
10:33 AM