KKC
Returning Member

Sales Price and Expense of Sale used for Business

I have a vehicle that I used half of the year and then traded it in on a new vehicle. The vehicle was used 50% of the time for business and 50% for personal. When putting in the amount for Sales Price (Business Portion Only) do I put in 50% of the amount they gave me for trade in? Then looking at the Expense of Sale (Business Portion Only) do I put in 50% of the amount financed for the new vehicle?