Hello!
I have a vehicle with variable use percentage for business use I purchased many years ago, now sold. It has a Section 179 Deduction on it. When I report the sale, do I factor in the Section 179 deduction into the 'Depreciation Taken' field in TT? Or do I have to report the recapture as separate business income under 'Other Income' in TT? Or does it not matter? The tax I owe comes out different (not by a lot) depending on how its entered. To complicate matters (or not?), in the year it is being sold, the total business use fell below 50%.
Thoughts? Advice?
Thanks in advance to anyone that can help me out here! This is my last snag to solve before I file!
