Announcement
Collapse
No announcement yet.
Search Result
Collapse
1 result in 0.0013 seconds.
Keywords
Members
Tags
-
Gain or loss on sale of vehicle - need FMV at date placed in service at 1/1/2010
I have a new client 2012 is their first year with me. They sold an auto used for business about 40% average from 2010-2012. They bought the car in 2008 new for 26,000. Sold it in 2012 for 16,000. They didn't start using it for business until 1/1/2010. Kelly Blue book value today is 14,535. Their prior accountant didn't create a basis for the...
Disclaimer
Collapse
This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.