Determining vehicle sales price.

I traded-in my old business vehicle for another business vehicle.

Would the sales price be the trade in allowance, times my business use percentage, which is 26.11%, for the business portion of the sales price?

posted

Yes, you are correct, the trade-in value would be sales price which you would multiply by the business use percentage to get the sale amount to calculate the gain on sale.

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Sales Price and Expense of Sale on the business Vehicle section what do you include in Sales Price on vehicle you traded and took a loss on 3 months after purchasing?

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Determining vehicle sales price.