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Investors & landlords
To clarify, when did you purchase the car and have you used mileage or actual expenses in the past? If you mileage, there is depreciation recapture that determines a gain or loss.
We can give you a ballpark answer, but we need to know if you claimed business mileage in the past. If so, how much was claimed each year to give you an accurate answer.
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March 17, 2025
11:40 AM