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L
lmerk
March 5, 2023
Question

Sale of vehicle used for personal and business

  • March 5, 2023
  • 1 reply
  • 0 views

I sold a vehicle used for both business and personal use in 2022. I entered the portion allocated for business use based on percentage of use, but am not sure where to enter the amount for personal use.

 

    1 reply

    KrisD15
    KrisD15
    March 5, 2023

    The program only needs to know the business use percentage. 

     

    (if there is a loss, only the business portion matters since a loss on the personal portion is not allowed to be claimed) 

    Additionally, depreciation will only be calculated on the business portion of value. 

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