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scsas1fans
New Member

Does a like-kind exchange require the trade in and the original car to be both used for 100% business or is a mix of personal and business use okay?

The car is owned.
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RyanH2
New Member

Does a like-kind exchange require the trade in and the original car to be both used for 100% business or is a mix of personal and business use okay?

To qualify for a like-kind exchange, it must be used exclusively for business. Unfortunately, personal use of items does not qualify.

https://ttlc.intuit.com/replies/3301982


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RyanH2
New Member

Does a like-kind exchange require the trade in and the original car to be both used for 100% business or is a mix of personal and business use okay?

To qualify for a like-kind exchange, it must be used exclusively for business. Unfortunately, personal use of items does not qualify.

https://ttlc.intuit.com/replies/3301982


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