Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted May 2, 2022 7:02:22 PM

We are ending the self employed bus in June 30/21 and incorporated. Do I sell truck to incorporation?

0 1 287
1 Replies
Moderator
May 8, 2022 1:16:55 PM

How you want to transfer the ownership of your truck is up to you. But for the purpose of your personal income tax, you would enter the truck as a disposition in the CCA part of the Self-Employment section.