senniekr
Returning Member

Lf I sold a fully depreciated truck for $2500 purchased for $2224 and is showing on form 4797 line 6 $276 which is correct, but also $2224 on line 13 is that correct?

I sold the truck the first week of the year. We drove it 7 miles that week. I'm assuming it is still considered used 100% for business. We have owned it for over 10 years 100% for business.Should it be listed on form 4562 on line 26? I would appreciate your help.