JeffB
Level 2

Thank you for your responses, I appreciate it.  Here is more information about what I am trying to achieve.  The car was purchased in 2016 as a used car for $25164 and used part time for business.  It was sold in 2019 for $6500. The depreciation schedule is as follows:

Year    Total Miles   Total Business Miles    Depreciation rate  Deemed or Actual Depreciation

2019         1276               1144                                  .26                                    297

2018          8204              2284                                  .25                                    571

2017          9683              3486                                  .25                                    872

2016          9787              3250                                  .24                                    780 

The business percentage was 35% which resulted in 

Sales Price                              $2,282

Original Basis                        $8,835

Less depreciation                 $2,520

Adjusted business basis      $6,315

Loss                                        -$4,033

I am looking for the screen to put the loss of -$4,033 unless I am missing something here.  

Thanks

 

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