My client leased a business cargo van. At the end of the lease she paid the residual value and took title to the vehicle. She then sold the vehicle to an unrelated party. How do I account for that sale? What is the basis I use to figure gain or loss?
Thank you.
This discussion has been locked. New comments cannot be posted on this discussion anymore. Start a new discussion
You have clicked a link to a site outside of the ProConnect Community. By clicking "Continue", you will leave the Community and be taken to that site instead.