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What does Lesser of total cost of the vehicle and the total proceeds received means?
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What does Lesser of total cost of the vehicle and the total proceeds received means?
For ex: bought a car for $10000 and sold it for $8500. What would be lesser here?
March 20, 2024
11:33 AM
TurboTaxSusan
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Investors and rental owners
The lesser would be the sale price of
$8500.
March 20, 2024
11:41 AM
