About mnalep

Level 2

Member profile

Latest badges earned

Replies
Posts

Solved Re: I sold a car used in rental property, please explain tax implica...

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 ...

mnalep

1

Updated Feb 27, 2024
Solved Re: I sold a car used in rental property, please explain tax implica...

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 ...

mnalep

3

Updated Feb 27, 2024
Solved Re: I sold a car used in rental property, please explain tax implica...

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...

mnalep

1

Updated Feb 27, 2024
Solved Re: I sold a car used in rental property, please explain tax implica...

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...

mnalep

7

Updated Feb 27, 2024
Solved Re: I sold a car used in rental property, please explain tax implica...

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...

mnalep

9

Updated Feb 27, 2024

Membership stats

Public Statistics

Date Registered	‎March 30, 2020 5:09 PM
Date Last Visited	‎February 26, 2024 10:33 PM
Total Messages Posted	22

Quick links

©1997-2024 Intuit, Inc. All rights reserved.
Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.

Security Certification of the TurboTax Online application has been performed by C-Level Security.

By accessing and using this page you agree to the Terms of Use.