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N
n-monger
April 7, 2025
Question

Determining vehicle sales price.

  • April 7, 2025
  • 1 reply
  • 0 views

I traded-in my old business vehicle for another business vehicle.

 Would the sales price be the trade in allowance, times my business use percentage, which is 26.11%, for the business portion of the sales price? 

1 reply

T
ThomasM125
April 7, 2025

Yes, you are correct, the trade-in value would be sales price which you would multiply by the business use percentage to get the sale amount to calculate the gain on sale.

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