Well, two things, first I did not see any place to indicate whether the business percentage varied, or, that it was constant. Secondly, I filed the return last ...
Thank you to everyone who replied, and particularly AmyC & DianneW777 for helping me understand what is going on, and how to handle the sale of the depreciated ...
Thank you, DianeW777.It gets confusing trying to relate my layman's language about how I see the car, versus the IRS language, and then trying to shoehorn my da...
Thank you, I think maybe I finally understand how the math, and the logic, works for selling the car used in rental activity.Basically, since I used the car for...
DianneW777, Thanks for your reply.Can you just clarify some of the terminology you just used in your response, please?When you say "Gain is taxable at your regu...