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April 2, 2025
Question

FAIR market value for vehicle.

  • April 2, 2025
  • 1 reply
  • 0 views

I purchased a vehicle back in 2013. This vehicle was put into use with my business in 2015. In 2024, i traded this vehicle in for another vehicle. How do i find the fair market value for back in 2015 when it was put into use???

1 reply

KrisD15
April 2, 2025

Use the basis that you reported when you put it into service in 2015. 

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