Determine the fair market value of the vehicle as ...
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Investors and rental owners

Determine the fair market value of the vehicle as of when you started using it for business and enter that amount as the cost of a new vehicle aquisition.  If the cost was $30K or less record the asset as Class 10.  If the cost was greater than $30K then record the cost as $30K plus sales tax on $30K and the class is 10.1

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