|
This function will help you determine
whether you should sell or trade-in your business use vehicle upon disposition.
This is a simple calculator that permits you to enter basic summary information
about the vehicle that you are getting ready to dispose of. The
calculator will estimate the depreciation taken for the vehicle to estimate the
current tax value of the vehicle.
If the current tax value is greater
than the estimated disposal value, then you sell the vehicle and take a capital
gain. If the current tax value is less than the estimated disposal value,
then you should trade in the vehicle and defer your taxable.
This calculator is designed to easily
give you a rough estimate of the tax value of your vehicle in most situations.
Please consult you CPA or other financial expert to get exact numbers or if your
situation is more complicated.
|
