If you have repossessed personal property with installment payments, you can use this calculator to determine the gain or loss. This includes the reportable gain or loss after repossession costs are taken into account.
The percentage of gross profit you realized on the original sale.
Balance due at repossession minus any deficiency judgment.
The fair market value of the person property at the time of repossession.
Costs incurred to repossess the personal property.