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What is the fair market value for a car/truck for self-employment?

 
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Leonard
Intuit Alumni

What is the fair market value for a car/truck for self-employment?

Fair market value (FMV) is an estimate of the market value of a property, based on what a knowledgeable, willing, and unpressured buyer would probably pay to a knowledgeable, willing, and unpressured seller in the market.  You can get a FMV for your car/truck from available resources such as Kelley Blue Book (KBB), Edmunds or NADA price guidelines

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