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Level 2
March 9, 2026
Question

Sale of automobile fully depreciated

  • March 9, 2026
  • 1 reply
  • 6 views

Where or how do I prorate the business use Percentage for sale of a vehicle fully depreciated and disposed middle of the year? The form 4797 shows 100% of trade in value. Despite entering .50 it does not prorate the amounts on Form 4797 Part III. 

1 reply

Level 15
March 10, 2026

I don't know the answer to your actual question, but ...

The vehicle was fully depreciated, but only used 50%???

Or are you saying only the 50% business portion of the vehicle was fully depreciated?

And it was exactly 50% business use?  That seems like a rather odd coincidence (or else a made-up number).