Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

How to remove auto that is being depreciated on Schedule C that was wrecked?

ReggieS
Level 1

Auto purchased in 2018 was wrecked in 2019.  Auto was totaled.  Auto was being reported on Schedule C.  New auto purchased in 2019.  Need to report loss of auto.

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Best Answer

Accepted Solutions
abctax55
Level 15

Research § 1033 exchanges & casualty losses (for the personal portion).

HumanKind... Be Both

View solution in original post

1 Comment 1
abctax55
Level 15

Research § 1033 exchanges & casualty losses (for the personal portion).

HumanKind... Be Both