A trade in on a business vehicle IS a like-kind exchange. Read the pubs. PS you probably don’t want to be your own physician either. Enjoy the audit.
hey guys,
it is a personal passenger vehicle that i just used for commuting to a consulting job for a few months. i had it for several years before then. traded it for a new personal passenger vehicle that i am also using for occasional commuting to a consulting site. ok, i guess i could use 8824 (why did TT tell me to delete the form, yikes).
i always end up in the TT audit risk green band (very low audit risk). hopefully i will continue in that this year. this is the 2nd year i worked as independent self employed contractor. i did not deduct vehicle mileage for my 2015 taxes since i only worked in that mode for 2 months in 2015. yikes, yikes, yikes.