becca
Level 2
01-28-2020
08:02 PM
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A client purhased a vehicle in 2018 and claimed section 179 and depreciation in 2018 on SCH C and 100% business use.
In 2019, he no longer used the vehicle and turned it in to dealer as a voluntary repo. What value do I enter for sales price? Software keeps generating a big loss?
I entered date of disposal, for value- I entered amount owed at time of return to dealer,
Is this correct?
Best Answer Click here
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