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New Member
posted Jun 4, 2019 1:19:20 PM

I aim claiming expenses on a car that I traded in last year. Do I select own, lease, or vehicle isn't mine?

I owned the vehicle in 2017, but no longer own it. For tax purposes, is it fair to say I own this vehicle?

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1 Best answer
New Member
Jun 4, 2019 1:19:21 PM

You owned it for the period of time that you are deducting expenses for.  So yes, you owned it.

1 Replies
New Member
Jun 4, 2019 1:19:21 PM

You owned it for the period of time that you are deducting expenses for.  So yes, you owned it.