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    kirat7100-gmail-
    New Member

    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?
    posted
    ‎March 20, 2024 11:33 AM
    last updated ‎March 20, 2024 11:33 AM
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    TurboTaxSusan
    Moderator
    Moderator

    What does Lesser of total cost of the vehicle and the total proceeds received means?

    The lesser would be the sale price of $8500. 

    ‎March 20, 2024 11:41 AM
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