Proprietorship including the basis for cost recovery

Reference no: EM13338498

laura transfers her personal use automibile to her business. The car's adjusted basis is $20000 and the fair market value is $ 15000. Determine the adjusted basis of the car to Laura's sole proprietorship including the basis for cost recovery.

Reference no: EM13338498

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Proprietorship including the basis for cost recovery : laura transfers her personal use automibile to her business. The car's adjusted basis is $20000 and the fair market value is $ 15000. Determine the adjusted basis of the car to Laura's sole proprietorship including the basis for cost recovery.

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