angelicatv
Level 2
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I saw that the publication states:Casualty or theft. For a casualty or theft, a gain results when you receive insurance or other reimbursement that is more than...
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Thank you. The proceeds from the car was 100% used toward a new car in which I use partially for business. How do I handle that?
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What do you do if you purchased a new car with the insurance proceeds right after?
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What do you do if you took the proceeds from the insurance and purchased a new car?
Activity Feed for angelicatv
- Cheered Re: Schedule C, Sole Proprietor, Gain or Loss of Car Totaled, used Partly for Business for ColeenD3. January 27, 2023 8:34 PM
- Cheered Re: Schedule C, Sole Proprietor, Gain or Loss of Car Totaled, used Partly for Business for DianeW777. January 27, 2023 8:33 PM
- Cheered Re: Schedule C, Sole Proprietor, Gain or Loss of Car Totaled, used Partly for Business for Mike9241. January 27, 2023 8:33 PM
- Posted Re: Schedule C, Sole Proprietor, Gain or Loss of Car Totaled, used Partly for Business on Deductions & credits. January 17, 2023 7:43 PM
- Posted Re: Schedule C, Sole Proprietor, Gain or Loss of Car Totaled, used Partly for Business on Deductions & credits. January 17, 2023 7:39 PM
- Cheered Re: Schedule C, Sole Proprietor, Gain or Loss of Car Totaled, used Partly for Business for DianeW777. January 17, 2023 3:22 PM
- Posted Re: My car for Uber eats was totaled in an accident how do I show it in my schedule C on Deductions & credits. January 4, 2023 11:12 PM
- Cheered Re: My car for Uber eats was totaled in an accident how do I show it in my schedule C for ThomasM125. January 4, 2023 11:11 PM
- Posted Re: Schedule C, Sole Proprietor, Gain or Loss of Car Totaled, used Partly for Business on Deductions & credits. January 4, 2023 11:05 PM