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Fkatz · 02-26-2008, 02:56 PM

No, there is also a formula for the mileage deductions that you have taken, that has to be recaptured, it is not a percentage, you would have to go by the formula, If you do not sell and wind up keeping the van for personal use, there is not capital gains and no recapture.

Frank

02-26-2008, 02:56 PM	#4 (permalink)
Fkatz Moderator Join Date: Nov 1999 Location: . Rating: Posts: 548	Re: Frank, Standard mileage No, there is also a formula for the mileage deductions that you have taken, that has to be recaptured, it is not a percentage, you would have to go by the formula, If you do not sell and wind up keeping the van for personal use, there is not capital gains and no recapture. Frank