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We're closing a single member LLC. How should I transfer a vehicle purchased by the LLC to personal (in FL)? Do I sell it back for the deprec? Do I have to pay tax?
mclaugs
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We're closing a single member LLC. How should I transfer a vehicle purchased by the LLC to personal (in FL)? Do I sell it back for the deprec? Do I have to pay tax?
If I sell it back, where do I find the depreciated value to use? TIA
Topics:
TurboTax Self Employed Online
‎June 1, 2019
10:53 AM
