Sale of business-use vehicle
In 2018 my client traded in a truck that he used for business from 2011 to 2013. He only took the standard mileage deduction at the time, never actual expenses. In 2011 the business -use percentage was 93%; in 2012 it was 100%, and in 2013 it dropped to 38%. Do I average the business-use percentage when inputting the sale information (89%)? Or do I take the percentage from the final year of business use (38%)? The dollar amount difference is substantial, -$25K+.
I would average it out based on mileage used for personal vs business, not based solely on time.
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