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March 20, 2024
Question

What does Lesser of total cost of the vehicle and the total proceeds received means?

  • March 20, 2024
  • 1 reply
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For ex: bought a car for $10000 and sold it for $8500. What would be lesser here?

    1 reply

    TurboTaxSusan
    March 20, 2024

    The lesser would be the sale price of $8500.