Own two rental properties and use multiple vehicles for each. Each year I apportion travel (standard expense deduction) to each property using both vehicles. Sold one and traded in the other.
Do I enter the sales under each property or just under one property? If just one, how do I dispose of the vehicles on the other property? The sold vehicle was used on one property since 2008, the trade-in was placed in service in 2018.
Thanks!
