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New Member
posted Jun 1, 2019 8:24:34 AM

When figuring the sale of a vehicle used for business with a trade-in, is the lien amount on the trade-in considered? Should "depreciation for prior yrs"include 2018?

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New Member
Jun 1, 2019 8:24:36 AM

Yes, include 2018. Factor in all of the depreciation allowable. Once you do, you will have this year's depreciation as well, and that will factor in for your sale. 2018 should be a partial year.

No, the lien amount on the trade-in is not considered, only the price paid by the buyer is included in the sale price.

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