TaxGuyBill
Level 15
09-18-2023
05:10 PM
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@belva333j wrote:
What portion is deductible on his sole proprietorship return? Can I claim the whole thing as a loss?
The business portion would end up as a loss (essentially, the vehicle was 'sold' for $0). But unless the daughter was driving for the business, it would not be 100% business.