“Converting a Business Car To
Personal Use? Read This First”
To get my complete article
with all the details…
Converting a proprietorship’s business vehicle to personal use seems simple—but that move can
- be a non-event on day one, but set up a gain or loss later, or
- trigger recapture taxes on day one and set up a gain or loss later, and
- in both instances, set that vehicle up for a memory lapse or improper sale that could cost you your rightful tax deductions.
CLICK HERE to read my completely new article titled:
“SE Rules for Converting a
Business Vehicle to Personal Use”