- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
The punch line is the sale of the vehicle results in a loss based on the cost basis of vehicle x business use percentage, the sales price x bus use % and total depreciation claimed based on miles each year x the depreciation portion of SMR. I am hoping the author replies to clarify what she meant.
I did not claim any auto expenses or SMR until a year or so after purchasing the car.
Please tell me your source from the tax code that provides the information regarding this subject. I am usually successful in researching the tax code but this one stumps me, I can't find the specifics anywhere.
‎February 26, 2026
7:17 AM