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In 7/2019, I gave my son my rental business car. In Sch E, I reported stopped using the car. On 3/2020, he returned the car & I use it for business, how to file in 2020?
In 2019 Sch E, I stated the time/reason of stopped using the car. In 2020 Sch E, can I restate using the car again? What will be the tax treatment under this situation? Thanks!
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May 26, 2020
9:06 PM