Thanks for the quick reply, but I'm still confused after reviewing your example! FYI - I am working on the Rental Income Vehicle screen (not the business section if that is applicable).
Total mileage when sold was 55,786.
Property A: 4,504 business miles driven. Placed in service 2008 FMV $7,500
Property B: 4,075 business miles driven. Placed in service 2010 FMV $6,000
The sales screen (after indicating no longer in service) instructs me to calculate business portion.
Property A: 7.30% (55,786 - 4,504 = 51,282).
If this is correct, would I then multiply the sales price by 7.30% to get the business portion of the sales price for Property A?
I greatly appreciate your help and sorry to be such a dunce! Math is not my forte!
