Business Vehicle Trade-Ins? Rules have changed over the years…
Here’s an example of a trade-in and the rules associated with it. A three-year-old vehicle was traded in on a new SUV with a gross vehicle weight rating (GVWR) of 6,075 pounds. The dealer granted a trade-in value of $13,000 and paid off the $16,000 remaining note on the old vehicle. Under the tax law, […]
Business Vehicle Trade-Ins? Rules have changed over the years… Read More »