Answered: How to remove auto that is being depreciated on Schedule C that was wrecked?

ReggieS · ‎03-21-2020

Auto purchased in 2018 was wrecked in 2019. Auto was totaled. Auto was being reported on Schedule C. New auto purchased in 2019. Need to report loss of auto.

abctax55 · ‎03-21-2020

Research § 1033 exchanges & casualty losses (for the personal portion).

"*******Tax software is no substitute for a professional tax preparer*******
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abctax55 · ‎03-21-2020

Research § 1033 exchanges & casualty losses (for the personal portion).

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"

How to remove auto that is being depreciated on Schedule C that was wrecked?

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