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Business & farm
there is no 179 recapture because you have owned and used it for its entire depreciable life, so if you took 179 on 90% of the cost your tax basis in it is $0 so 90% of the sales price would be taxable income the other 10% of the sales price would not be reported because that represents your personal portion. in the disposition section for the vehicle enter 90% of the sales price
‎October 21, 2021
1:09 PM