When a car that has been 179d and is sold 2 years later how is the gain figured on the 179 amount? I have never had anyone sell their depreciated asset
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If you have the asset entered in the car and truck worksheet, you just need to enter the disposal date and price and the software will do the heavy lifting for you.
Thanks, so much. That is what I thought but just wanted to verify I wasn't missing another important step.
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