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If I bought a vehicle in May of 2016, used it for work as a tradesmen but didn't claim CCA or expenses for it, when I claim it in 2017 do I use FMV, or original price?
Or, do I have to figure out what the UCC would have been? Or, do I put it as if I purchased it this year? For example, it was 69,000 before taxes when purchased. Didn't claim it in 2016 because I didn't track milage.
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‎October 30, 2019
8:16 AM