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Sale of Business use vehicle/purchase of second hand vehicle
Any advise on how to handle the following: Business use vehicle (90%) used section 179 when put into service 10 years ago. Plan on selling it to purchase a second hand vehicle for business use. sale is approximately $25k, purchase is approx $21k. How do I handle this is Schedule C?
Thanks in advance
‎October 21, 2021
12:41 PM