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Truck Casualty - Partly Used for Business (Form 4684)

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    Truck Casualty - Partly Used for Business (Form 4684)

    Hello. A Truck using SMR (on Sch C) since 2009 was totaled during early 2014. TP received some insurance monies.
    My questions are: Since the truck was used for Business and Personal do I use both Section 1 and Section 2 of Form 4684?
    What information do I need from the client for both? How do I make the required calculations for Form 4684?

    I would really appreciate your response. Thank you!
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