- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
I don't know if it applies to this specific transaction. But generally, when you dispose of a rental, that disposition doesn't include the vehicle. So when you have vehicle expenses claimed/associated with a rental and you sell that rental, the vehicle is marked/shown as "removed for personal use" and it's cost basis is not included in the sale of the rental property. I assume this would be the same for a 1031 exchange.
‎August 5, 2022
6:35 AM