06-08-2022, 02:50 PM
Thanks for posting.
“Now I will have to figure out whether I have to report this as a capital gain on my tax return (i.e., whether having leased it before purchase changes the equation).”
Business use? Yes you do.
“Now I will have to figure out whether I have to report this as a capital gain on my tax return (i.e., whether having leased it before purchase changes the equation).”
Business use? Yes you do.