As you are finding out, using Do-It-Yourself software such as TurboTax can be one of the most expensive ways to do your tax returns. I know many people use Do-I...
You don't change the Basis or ratio for depreciation for the entire time of depreciation.But when selling the house, you enter the sale based on the current pri...
@J3SS1CAwrote:since I can't claim mileage on a car that wasn't mine?You have the option to use the Standard Mileage Rate, if you want to. But in my experience, ...
@RobertB4444wrote:Recapture applies when you sell the vehicle. It is just in stasis while it is a personal vehicle. When you sell it you will need to enter in a...
You are correct that you need to recapture the Section 179 because the vehicle was converted to personal use.I THINK you need to report that in the "Sale of Bus...