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Business & farm
If the business percentage of your old vehicle varied from year you year, you can NOT report the sale in the vehicle section (and because you have 2 Schedule C's, it isn't ideal to report it in the vehicle section either).
You would need to manually calculate some things and report the sale in the "Sale of Business Property" section. Depending on the details, it can be quite complicated, so you may consider a tax professional.
‎February 26, 2021
8:21 PM