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D
deborahace
April 14, 2025
Question

What is vehicle basis?

  • April 14, 2025
  • 1 reply
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    1 reply

    D
    DavidD66
    April 14, 2025

    Initially, the basis in your vehicle is what you paid for it.  If you are using it for business and depreciating it, you basis generally would be what you paid for it less any depreciation you expensed. 

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