20jojo21
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And traded in vehicle jan 8, 2022. Purchased another. vehicle.
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Yes, made insurance payment & drove for business from January 1 thru 8 th. 95% of miles used for business.
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One more question, sorry. i'm curious, does that go on form 4797, 8949 or sched D ?Or does it go on Schedule 1. ?Not sure if this question makes sense
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Thank you very much the very detailed answer. I really appreciate the help.
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August 2021 to Jan 2022 86.5 % businessJanuary 2017 to Jan 2022 9%Purchase price $33,205.63Thank you for your help.
Activity Feed for 20jojo21
- Posted Re: Used my car for biz 2021. Actual expenses. Traded in jan 8 2022. 95 % used for biz. How do i figure out Car insurance deduction ? For my 2022 tax return. on Deductions & credits. December 22, 2022 11:11 AM
- Posted Re: Used my car for biz 2021. Actual expenses. Traded in jan 8 2022. 95 % used for biz. How do i figure out Car insurance deduction ? For my 2022 tax return. on Deductions & credits. December 22, 2022 11:05 AM
- Posted Used my car for biz 2021. Actual expenses. Traded in jan 8 2022. 95 % used for biz. How do i figure out Car insurance deduction ? For my 2022 tax return. on Deductions & credits. December 22, 2022 7:32 AM
- Posted I received this answer to the question how do i report the sale of a depreciated car. "Sale of Business Property" Much more info , including a thorough equation. on Deductions & credits. November 30, 2022 11:57 AM
- Posted Re: Aug 2021 I started using 2017 car for biz.20,000 fair market value 85.89% biz frm 4562 lne 2 sect 179 $17,178 line 8,9,12 22 $8,761sch c lne 13 $8,761 on Business & farm. November 29, 2022 3:04 PM
- Posted Re: Aug 2021 I started using 2017 car for biz.20,000 fair market value 85.89% biz frm 4562 lne 2 sect 179 $17,178 line 8,9,12 22 $8,761sch c lne 13 $8,761 on Business & farm. November 29, 2022 2:43 PM
- Posted Re: Aug 2021 I started using 2017 car for biz.20,000 fair market value 85.89% biz frm 4562 lne 2 sect 179 $17,178 line 8,9,12 22 $8,761sch c lne 13 $8,761 on Business & farm. November 29, 2022 1:18 PM
- Posted Aug 2021 I started using 2017 car for biz. 20,000 fair market value 85.89% biz frm 4562 lne 2 sect 179 $17,178 line 8,9,12 22 $8,761 sch c lne 13 $8,761 on Business & farm. November 29, 2022 12:19 PM
- Posted Re: I'm 61 self emp. sched C line 31 $ 15,000pay $2200 self emp taxHow much can i contribute to IRA & sep IRa. ?wife 63 no income, how much can she cont. to her ira ? on Retirement tax questions. November 29, 2022 6:31 AM
- Posted I'm 61 self emp. sched C line 31 $ 15,000 pay $2200 self emp tax How much can i contribute to IRA & sep IRa. ? wife 63 no income, how much can she cont. to her ira ? on Retirement tax questions. November 28, 2022 11:09 AM
- Posted Re: 2017 car put in service 2021 20,000 value sold in 2022 15500 biz use 87% form 4562 deduction.how much will i have to recapture, report in 2022 ? on Get your taxes done using TurboTax. November 26, 2022 8:09 AM
- Posted Re: Door dash Aug / dec 2021. dep 2017 carform 4562 est. value $ 20,000biz use 87% Line 2 $ 17,178 line 22 $ 8671trade jan 2022 for $ 15, 500How much tax 2022 ? on Deductions & credits. November 25, 2022 6:23 AM
- Posted 2017 car put in service 2021 20,000 value sold in 2022 15500 biz use 87% form 4562 deduction. how much will i have to recapture, report in 2022 ? on Get your taxes done using TurboTax. November 24, 2022 9:30 AM
- Posted Re: Door dash Aug / dec 2021. dep 2017 carform 4562 est. value $ 20,000biz use 87% Line 2 $ 17,178 line 22 $ 8671trade jan 2022 for $ 15, 500How much tax 2022 ? on Deductions & credits. November 22, 2022 1:39 PM
- Posted Door dash Aug / dec 2021. dep 2017 car form 4562 est. value $ 20,000 biz use 87% Line 2 $ 17,178 line 22 $ 8671 trade jan 2022 for $ 15, 500 How much tax 2022 ? on Deductions & credits. November 22, 2022 11:47 AM