I know consult a tax professional…but I’m doing my taxes and my brother told me since I traded in my car last year (a car that is used 95% for business) that I can deduct the difference in cost vs sale? I’m confused but he’s basically saying I should report it and can get a big deduction on my business expenses. Thoughts? 🤔
submitted by /u/SilentPlace1562
[link] [comments]